Gold Rate Forecast – Prediction for Tomorrow, Next 30 Days, Next Months & Years

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 rate predictionLatest Factors Affecting Gold Prices, Gold Rate Forecast or Prediction

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
28-03-2023 6058 14 0.232% 6077 6039
29-03-2023 6039 -19 -0.307% 6059 6020
30-03-2023 6109 69 1.145% 6128 6089
31-03-2023 6113 4 0.069% 6133 6093
01-04-2023 6109 -4 -0.058% 6129 6089
02-04-2023 6115 6 0.096% 6135 6095
03-04-2023 6110 -5 -0.083% 6130 6090
04-04-2023 6124 14 0.230% 6144 6104
05-04-2023 6106 -19 -0.304% 6126 6085
06-04-2023 6175 69 1.132% 6195 6154
07-04-2023 6179 4 0.069% 6200 6158
08-04-2023 6175 -4 -0.057% 6196 6154
09-04-2023 6181 6 0.094% 6202 6160
10-04-2023 6176 -5 -0.082% 6197 6155
11-04-2023 6190 14 0.227% 6212 6169
12-04-2023 6172 -19 -0.301% 6193 6150
13-04-2023 6241 69 1.120% 6263 6219
14-04-2023 6245 4 0.068% 6267 6223
15-04-2023 6241 -4 -0.056% 6264 6219
16-04-2023 6247 6 0.093% 6270 6225
17-04-2023 6242 -5 -0.081% 6265 6220
18-04-2023 6256 14 0.225% 6279 6234
19-04-2023 6238 -19 -0.298% 6260 6215
20-04-2023 6307 69 1.108% 6330 6284
21-04-2023 6239 -68 1.078% 6359 6118
22-04-2023 6278 39 0.620% 6403 6152
23-04-2023 6266 -11 -0.183% 6397 6135
24-04-2023 6271 5 0.082% 6408 6134
25-04-2023 6313 42 0.667% 6456 6171
26-04-2023 6284 -29 -0.457% 6432 6136
27-04-2023 6296 12 0.194% 6450 6143

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 6109 Rs. for 1 gram 24 carat gold with the change of 0.058%, 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
 01 Apr 2023 6109 -4 -0.058% 6129 6089

 

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Gold Rate Prediction for Tomorrow

Gold rate prediction for tomorrow is 6115 INR for 1 gram 24 carat gold with negligible change of 0.096%, 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
 02 Apr 2023 6115 6 0.096% 6135 6095

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 March Gold Rate Today
    Mumbai Rs 61330 Click Here
    Ahmedabad Rs 61685 (Highest) Click Here
    Delhi Rs 61580 Click Here
    Jaipur Rs 61440 Click Here
    Kolkata Rs 61110 (Lowest) Click Here
    Bangalore Rs 61660 Click Here
    Hyderabad Rs 61550 Click Here
    Chennai Rs 61600 Click Here
    Kochi Rs 61605 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
    28-03-2023 6058 14 0.232% 6077 6039
    29-03-2023 6039 -19 -0.307% 6059 6020
    30-03-2023 6109 69 1.145% 6128 6089
    31-03-2023 6113 4 0.069% 6133 6093
    01-04-2023 6109 -4 -0.058% 6129 6089
    02-04-2023 6115 6 0.096% 6135 6095
    03-04-2023 6110 -5 -0.083% 6130 6090


    Gold Price Forecast For 1 Month – 22 carat Gold

    Gold price forecast on Wednesday, 1 March : gold price 53855 Rupees, max 54663 Rs, min 53047 Rs. Gold price in India on Thursday, 2 March : gold price 54137 Rupees, max 54949 Rs, min 53325 Rs. Gold price forecast on Friday, 3 March : gold price 54079 Rupees, max 54890 Rs, min 53268 Rs. Gold price in India on Saturday, 4 March : gold price 50580 Rupees, max 51294 Rs, min 49866 Rs.

    In 2nd week Gold price forecast on Monday, 6 March : gold price 54236 Rupees, max 55050 Rs, min 53422 Rs. Gold price in India on Tuesday, 7 March : exchange rate 53719 Rupees, max 54525 Rs, min 52913 Rs. Gold price forecast on Wednesday, 8 March : gold rate 53432  Rupees, max 54233 Rs, min 52631 Rs. Gold price in India on Thursday, 9 March : gold price 53340 Rupees, max 54140 Rs, min 52540 Rs. Gold price prediction in India on Friday, 10 March : gold price 53538 Rupees, max 54341 Rs, min 52735 Rs.

    In 3rd week Gold price forecast on Monday, 13 March : gold price 53721 Rupees, max 54527 Rs, min 52915 Rs. Gold price in India on Tuesday, 14 March : gold price 53410 Rupees, max 54211 Rs, min 52609 Rs. Gold price forecast on Wednesday, 15 March : gold price 53094 Rupees, max 53890 Rs, min 52298 Rs. Gold rate prediction in India on Thursday, 16 March : gold price 53399 Rupees, max 54200  Rs, min 52598 Rs. Gold price forecast on Friday, 17 March : gold price 52714 Rupees, max 53505 Rs, min 51923 Rs.

    In 4th week Gold price in India on Monday, 20 March : Gold price 53556 Rupees, max 54359 Rs, min 52753 Rs. Gold price forecast on Tuesday, 21 March : gold price 53246 Rupees, max 54045 Rs, min 52447 Rs. Gold rate forecast in India on Wednesday, 22 March : gold price 52931 Rupees, max 53725Rs, min 52137 Rs. Gold price forecast on Thursday, 23 March : gold price 53235 Rupees, max 54034 Rs, min 52436 Rs. Gold price in India on Friday, 24 March : gold price 52552 Rupees, max 53340 Rs, min 51764 Rs.

    In 5th week Gold rate forecast in India on Monday, 27 March : gold price 52639 Rupees, max 53429 Rs, min 51849 Rs. Gold rate forecast in India on Tuesday, 28 March : gold price 52148 Rupees, max 52930 Rs, min 51366 Rs. Gold price forecast on Wednesday, 29 March : gold price 52119 Rupees, max 52901 Rs, min 51337 Rs. Gold rate prediction in India on Thursday, 30 March : gold price 52720 Rupees, max 53511 Rs, min 51929 Rs. Gold rate prediction in India on Friday, 31 March : gold price 52886 Rupees, max 53679 Rs, min 52093 Rs.


    Gold Rate Prediction for Next 6 Months

    The below chart defines the gold price prediction for next 6 months from Jan- 23 to June- 23. In this prediction by best stock advisor in India, you can see a gradual decrease in gold rate in coming days and average price for 10 gram 24 carat will close to 52661 INR.

    Gold Price Prediction India 2023 (Monthly)
    Month Average(For 10 gm gold) Lowest Change%(compare to last month)
    January-23 52230 52020 -0.128%
    February-23 52390 52070 0.314%
    March-23 52590 52170 0.370%
    April-23 52820 52310 0.443%
    May-23 52820 52230 0.008%
    June-23 53120 52440 0.558%

    Monthly Gold Price Prediction – Gold Rate Prediction for 2023

    Gold Rate Forecast from July 2023 to Nov 2023 for 24 carat gold

    Month Average(For 10 gm gold) Lowest Change%(compare to last month)
    July-23 53350 52580 0.433%
    Aug-23 53510 52650 0.307%
    Sept-23 53770 52820 0.478%
    Oct-23 53830 52780 0.107%
    Nov-23 54050 52910 0.407%


    Gold Rate Forecast for 2023 – 2024

    In this chart you can also check gold rate forecast for next financial year 2023-24

    Month Average(For 10 gm gold) Close Change%(compare to last month)
    Dec-23 54260 52650 0.040%
    Jan-24 54360 52670 1.109%
    Feb-24 54440 52680 2.255%
    Mar-24 54620 52690 1.744%
    Apr-24 54666 52690 0.174%

    The chart clearly indicates that a steady increase in the gold rate expectation, that is predicted for the 2023-2024 period.

     

    Factors that influence the Gold Rate Forecast

    1. 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.

    1. 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.

    1. Inflation

    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.

    1. 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.

    1. 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 – 

    1. 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.

    1. 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.

    1. 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.

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