Gold could reach $6,200 by 2027 says IBJA

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Surendra Mehta of the India Bullion & Jewellers Association predicts gold will reach $6,200 and silver $180 by 2027. He attributes recent price falls to lower oil prices and US interest rate uncertainty. Rising storage capacity in Singapore and Hong Kong signals long-term demand confidence, while festive sales in India exceeded 61 tonnes for gold.