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Market move▲ Bullish for ICICI Bank
Gold may rise to $5,000/oz in H1 2027 after near-term consolidation: ICICI Bank
The brief
- ICICI Bank sees gold at $4,200-$4,600 per ounce for the rest of 2026
- Gold could reach $5,000 per ounce in H1 2027 after near-term consolidation
- Higher gold prices may support Indian gold-loan lenders, while raising costs for jewellery companies
- HSBC targets affluent Indian clients, intensifying competition with local banks
- Bank strike: Will ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank remain open?
- Bank branches shut on September 26 for fourth Saturday; public banks and RRBs operate September 27