Bank of America forecast of 98,000 rupees for gold is unverified?

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No available report confirms Bank of America forecast gold falling to $3,250 per ounce or 98,000 rupees per 10 grams. The Reel claims Bank of America forecast gold dropping to 98,000 rupees per 10 grams if international spot gold falls to $3,250 per ounce. Reports by Kitco show Bank of America outlined a downside scenario averaging $3,500 per ounce if oil spiked, but no available record verifies the specific $3,250 or 98,000 rupee figures.

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Checked 30 Oct 2026

The post we checked

🚨 Gold prices could face another major decline! Bank of America’s forecast has sparked fresh attention, with a potential price scenario of ₹98,000 per 10 grams…

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What we checked

Bank of America forecasts a conditional gold price scenario of 98,000 rupees per 10 grams of 24K gold if international prices fall to 3,250 dollars per ounce.No reliable source found for this yet.

Connected

The same claim was checked in another Reel (@unknown, ): “Bank of America forecasts that gold prices could decline further, potentially falling to $3,700 per ounce or…”, found true (see it)

What the post doesn't tell you

What can't be established: Whether Bank of America released a separate report mentioning 98,000 rupees or $3,250 per ounce that is not included in the passages.

Short version

❓ NO PROOF YET 👉 No available report confirms Bank of America forecast gold falling to $3,250 per ounce or 98,000 rupees per 10 grams. 👉 Reports by Kitco show Bank of America outlined a downside scenario averaging $3,500 per ounce if oil spiked, but no available record verifies the specific $3,250 or 98,000 rupee figures. 🔎 Full check: send this post to @checkthis.chat