Gold is considered a valuable asset that never goes out of trend. In this Article, you can find Gold Rate Forecast or Gold Rate Prediction for today, tomorrow, this month, next months and whole financial year 2022-23. Also you can find out Gold rate prediction & price forecast for next financial years i.e. 2023-24.
Do you know that over the past year, gold funds have given average returns of 26.84%? In the March quarter, Gold funds topped the charts with whopping 11% returns.
Gold prices largely depend on these major factors – Re-emergence of Covid, World Economic Situation, US Dollar Value, US-China-Reset of the World Relations, Inflation/ Interest Rates, Printing of Money, and Other Factors. Also in a country gold prices can be different among their states because every state governments have their own taxes.
After the pandemic gold’s price will move up, you will see these prices in this gold rate forecast. For your reference, A chart given by best stock broker in India inserted below highlighting gold price prediction India for next 30 days:
Gold Rate Forecast for Next 30 Days – Gold Price Prediction India
Here is the Gold Rate Prediction for today, tomorrow and next 30 days for 24 carat precious gold –
|Date||Gold Rate(1 Gram)||Change||Change%||Highest||Lowest|
Please note that these gold prices are just for indicative purposes and the actual prices may vary. This prediction of gold price in India intends to give an idea about the gold price trends in near future.
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Gold Rate Prediction for Today
Gold rate for today is 5319 Rs. for 1 gram 24 carat gold with the change of 0.218%, here you can check highest & lowest gold rate prediction for today and according to that you can invest in gold.
|Gold Rate Forecast for Today – 24 Carat|
|Date||Gold Rate(1 gram)||Change||Change%||Highest||Lowest|
|29 Nov 2022||5319||-12||-0.218%||5335||5302|
Gold Rate Prediction for Tomorrow
Gold rate prediction for tomorrow is 5363 INR for 1 gram 24 carat gold with negligible change of 0.831%, here you can check highest & lowest tomorrow gold rate and plan your investment accordingly.
|Gold Rate Forecast for Tomorrow – 24 Carat|
|Date||Gold Rate(1 gram)||Change||Change%||Highest||Lowest|
|30 Nov 2022||5363||44||0.831%||5380||5345|
If you are looking to invest in Gold, it is hugely recommended to take a look at the past performances of gold, that could help you predict its future performance or just check our gold rate forecast.
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Gold Price Prediction for Different Cities in India
Here you can check gold rate forecast for various cities in India, we have also mentioned highest and lowest price of 10 gm 24 carat Gold in 9 big cities. Click on the link to check gold rate for today.
|City Name||Rate on 18th November||Gold Rate Today|
|Mumbai||Rs 54420||Click Here|
|Ahmedabad||Rs 54420||Click Here|
|Delhi||Rs 53170 (Lowest)||Click Here|
|Jaipur||Rs 54470||Click Here|
|Kolkata||Rs 54580||Click Here|
|Bangalore||Rs 54570||Click Here|
|Hyderabad||Rs 54555||Click Here|
|Chennai||Rs 54580||Click Here|
|Kochi||Rs 54585 (Highest)||Click Here|
Gold Rate Prediction or Forecast for Next Week
Here you can find gold rate prediction for next week, This might be different for cities like gold rate in Delhi is slightly different from gold rate in Chennai, Bangalore, Mumbai, Pune, Surat and so on –
|Date||Gold Rate(24 Carat)||Change||Change%||High||Low|
Gold Price Forecast For 1 Month – 22 carat Gold
Gold price forecast on Tuesday, 1 November : gold price 47450 Rupees, max 48170 Rs, min 46352 Rs. Gold price in India on Wednesday, 2 November : gold price 47420 Rupees, max 47835 Rs, min 46656 Rs. Gold price forecast on Thursday, 3 November : gold price 47260 Rupees, max 47972 Rs, min 46872 Rs. Gold price in India on Friday, 4 November : gold price 47580 Rupees, max 48294 Rs, min 46866 Rs.
In 2nd week Gold price forecast on Monday, 7 November : gold price 47925 Rupees, max 48644 Rs, min 47206 Rs. Gold price in India on Tuesday, 8 November : exchange rate 47180 Rupees, max 47500 Rs, min 46850 Rs. Gold price forecast on Wednesday, 9 November : gold rate 47950 Rupees, max 48450 Rs, min 47690 Rs. Gold price in India on Thursday, 10 November : gold price 47479 Rupees, max 48191 Rs, min 46767 Rs. Gold price prediction in India on Friday, 11 November : gold price 48140 Rupees, max 48250 Rs, min 48030 Rs.
In 3rd week Gold price forecast on Monday, 14 November : gold price 47299 Rupees, max 48008 Rs, min 46590 Rs. Gold price in India on Tuesday, 15 November : gold price 48360 Rupees, max 48500 Rs, min 48220 Rs. Gold price forecast on Wednesday, 16 November : gold price 47450 Rupees, max 47800 Rs, min 47210 Rs. Gold rate prediction in India on Thursday, 17 November : gold price 48710 Rupees, max 48860 Rs, min 48550 Rs. Gold price forecast on Friday, 18 November : gold price 47701 Rupees, max 48417 Rs, min 47390 Rs.
In 4th week Gold price in India on Monday, 21 November : Gold price 47560 Rupees, max 47730 Rs, min 47400 Rs. Gold price forecast on Tuesday, 22 November : gold price 47207 Rupees, max 47915 Rs, min 46499 Rs. Gold rate forecast in India on Wednesday, 23 November : gold price 48070 Rupees, max 48260 Rs, min 47880 Rs. Gold price forecast on Thursday, 24 November : gold price 47980 Rupees, max 48180 Rs, min 47770 Rs.
Gold price in India on Friday, 25 November : gold price 47340 Rupees, max 47650 Rs, min 47003 Rs. Gold rate prediction in India on Saturday, 26 November : gold price 46680 Rupees, max 47210 Rs, min 46180 Rs.
In 5th week Gold rate forecast in India on Monday, 28 November : gold price 48360 Rupees, max 49170 Rs, min 47760 Rs. Gold rate forecast in India on Tuesday, 29 November : gold price 47960 Rupees, max 48170 Rs, min 47760 Rs. Gold price forecast on Wednesday, 30 November : gold price 47120 Rupees, max 47820 Rs, min 46920 Rs.
Gold Rate Prediction for Next 6 Months
The below chart defines the gold price prediction for next 6 months from Jan- 22 to June- 22. In this prediction you can see a gradual decrease in gold rate in coming days and average price for 10 gram 24 carat will close to 49060 INR.
Monthly Gold Price Prediction – Gold Rate Prediction for 2022
Gold Rate Forecast from July 2022 to Nov 2022 for 24 carat gold
Gold Rate Forecast for 2022 – 2023
In this chart you can also check gold rate forecast for next financial year 2022-23
The chart clearly indicates that a steady increase in the gold rate expectation, that is predicted for the 2022-2023 period.
Factors that influence the Gold Rate Forecast
- Demand & Supply
In any traded commodity, demand and supply play a prominent role in defining its price. Gold is not a consumable product so all gold is still present on earth that ever mined. Also, every year, the amount of gold mined is not very up. And so, if demand for gold goes up, the price goes up since the supply is comparatively uncommon.
- Interest Rates
Gold prices have a converse relationship with interest rate. If interest rates fall, individuals don’t get attractive returns on deposits. Hence, they break their deposits and buy gold instead to increase demand and it automatically increases price. And people sell their gold and invest in their deposits when interest rate goes high, it leads to a drop in demand and so the price.
When the inflation rates soar high, the value of the currency goes down. Also, most other investment avenues flop to deliver inflation-winning returns. Hence, most people start investing in gold. Even if high rates of inflation last for a longer period, gold acts as ideal privet since it is not influenced by fluctuations in the value of the currency.
- Import Duty
India accounts for less than one percent of gold production globally. However, it is the second largest consumer of yellow metal. India imports large amounts of gold to meet the rising demand. Thus, import duty has important role in the gold price.
- Government Reserves
The Government of India has several gold reserves. Given its policies, it buys or sells gold through the Reserve Bank of India (RBI). Gold rate can get affected depending on whether it buys or sells more.
Reasons behind the increase in gold prices
Below are the reasons behind the increasing price of gold –
- High liquidity
The RBI enables borrowers to get a moratorium on loan repayments till August 31, 2020. Government also announced multiple economic inducement packages to fuel liquidity into the markets. So, this led to a situation where investors had money for investment. They can invest in stocks by using the best trading app in India but the stock market were extremely volatile, interest rates were reducing. Hence, they began investing in gold because it is always a safe investment option.
- Exchange Rate
The value of Indian Rupee has reduced acutely since the lockdown. At present, it is nearly Rs. 75 against the US dollar. Since India is the second largest importer, such exchange rate variations tend to affect gold rates & gold rate forecast in future.
- Reduced Gold Mining
One major factor that influences gold rate in upcoming days and gold price prediction is the demand and supply formula. While the demand went up, gold mining activities were immensely impacted due to lockdowns in different parts of the world. This influenced the supply causing the gold prices to increase further.
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FAQs About Gold Rate Forecast
Ques- What are the factors that affect gold rates?
Ans- There are lots of factors that are found to make the gold prices fluctuate like liquidity, demand and supply, inflammation, global economy and others.
Ques- Is your gold rate prediction accurate?
Ans- In most cases, this gold rate prediction tries to be as accurate as possible. But the actual gold prices may vary depending on various underlying factors.
Ques- What is the current gold price trend?
Ans- At present, the prices of gold metal are on the upward side. And this trend is expected to continue for coming months.
Ques- What are the different types of gold investments?
Ans- There are different types of gold investments available today including Digital Gold investment, Gold coin investment, gold bars investments and gold ETF investments.
Ques- Will gold rate decrease in coming days?
Ans- There are many reasons exist behind the gold rate fluctuation but as per our Gold rate prediction for upcoming days we can say gold rate will decrease slightly in coming days or months.