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 & 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, 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. 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
18-01-2022 4910 -31 -0.636% 4917 4900
19-01-2022 4906 -4 -0.008% 4916 4896
20-01-2022 4907 1 0.020% 4917 4896
21-01-2022 4917 10 0.206% 4928 4905
22-01-2022 4922 6 0.112% 4934 4910
23-01-2022 4933 11 0.213% 4945 4920
24-01-2022 4933 0 0.006% 4946 4920
25-01-2022 4902 -31 -0.634% 4915 4888
26-01-2022 4920 18 0.369% 4934 4906
27-01-2022 4921 1 0.020% 4936 4906
28-01-2022 4931 10 0.206% 4946 4916
29-01-2022 4936 6 0.112% 4952 4921
30-01-2022 4947 11 0.213% 4963 4931
31-01-2022 4947 0 0.006% 4964 4930
01-02-2022 4916 -31 -0.633% 4933 4899
02-02-2022 4934 18 0.368% 4952 4916
03-02-2022 4935 1 0.020% 4953 4917
04-02-2022 4945 10 0.205% 4963 4927
05-02-2022 4951 6 0.111% 4969 4932
06-02-2022 4961 11 0.212% 4980 4942
07-02-2022 4961 0 0.006% 4981 4942
08-02-2022 4930 -31 -0.631% 4950 4910
09-02-2022 4948 18 0.367% 4969 4928
10-02-2022 4949 1 0.020% 4970 4928
11-02-2022 4959 10 0.204% 4980 4938
12-02-2022 4965 6 0.111% 4986 4943
13-02-2022 4975 11 0.212% 4997 4953
14-02-2022 4975 0 0.006% 4998 4953
15-02-2022 4944 -31 -0.629% 4967 4922

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 Tomorrow

Gold rate prediction for tomorrow is 4920 INR for 1 gram 24 carat gold with negligible change of – 0.404%, 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
19 January 2022 4920 -20 -0.404% 4930 4910

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 10th January Gold Rate Today
    Mumbai Rs 49020 Click Here
    Ahmedabad Rs 49005 Click Here
    Delhi Rs 49030 Click Here
    Jaipur Rs 48955 (Lowest) Click Here
    Kolkata Rs  49030 Click Here
    Bangalore Rs 49070 Click Here
    Hyderabad Rs 49030 Click Here
    Chennai Rs 49090 Click Here
    Kochi Rs 49095 (Highest) Click Here


    Gold Rate Prediction or Forecast for Next Week January 2022

    Here you can find gold rate prediction for next week & this month January, 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
    18-01-2022 4910 -4 -0.008% 4917 4900
    19-01-2022 4906 18 0.371% 4916 4896
    20-01-2022 4907 1 0.020% 4917 4896
    21-01-2022 4917 10 0.206% 4928 4905
    22-01-2022 4922 6 0.112% 4934 4910
    23-01-2022 4933 11 0.213% 4945 4920


    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.

    Gold Price Prediction India 2022 (Monthly)
    Month Average(For 10 gm gold) Lowest Change%(compare to last month)
    Jan-22 48910 48470 -0.028%
    Feb-22 48970 48360 0.127%
    March-22 48960 48190 -0.022%
    April-22 49230 48320 0.545%
    May-22 49120 48090 -0.216%
    Jun-22 49170 48020 0.082%

     

    Monthly Gold Price Prediction – Gold Rate Prediction for 2022

    Gold Rate Forecast from July 2022 to Nov 2022 for 24 carat gold

    Month Average(For 10 gm gold) Lowest Change%(compare to last month)
    July-22 49400 48140 0.480%
    Aug-22 49330 47960 -0.138%
    Sept-22 49530 48060 0.400%
    Oct-22 49520 47940 -0.028%
    Nov-22 49540 47860 0.037%


    Gold Rate Forecast for 2022 – 2023

    In this chart you can also check gold rate forecast for next financial year 2022-23

    Month Average(For 10 gm gold) Close Change%(compare to last month)
    Dec-22 49560 49150 0.040%
    Jan-23 50110 49455 1.109%
    Feb-23 51240 50115 2.255%
    Mar-23 52134 50425 1.744%
    Apr-23 52225 51225 0.174%

    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

    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 & trading in stock market 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.

    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.

    You May Also Like to Read : – How to Find and Open Best Demat Account in India


    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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