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, 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
03-07-2022 5214 21 0.385% 5283 5145
04-07-2022 5233 19 0.355% 5310 5157
05-07-2022 5245 12 0.220% 5296 5160
06-07-2022 5227 -18 -0.329% 5247 5207
07-07-2022 5223 -4 -0.080% 5243 5203
08-07-2022 5253 30 0.561% 5274 5233
09-07-2022 5275 22 0.392% 5296 5254
10-07-2022 5264 -11 -0.201% 5285 5242
11-07-2022 5271 7 0.130% 5293 5249
12-07-2022 5078 -193 -3.524% 5096 5060
13-07-2022 5107 29 0.549% 5161 5053
14-07-2022 5098 -9 -0.163% 5153 5043
15-07-2022 5110 12 0.220% 5166 5054
16-07-2022 5112 2 0.039% 5169 5055
17-07-2022 5078 -34 -0.634% 5096 5060
18-07-2022 5008 -70 -1.326% 5015 5001
19-07-2022 5168 160 3.194% 5175 5160
20-07-2022 5154 -14 -0.259% 5162 5147
21-07-2022 5175 21 0.407% 5183 5168
22-07-2022 5132 -43 -0.830% 5155 5109
23-07-2022 5144 12 0.229% 5167 5121
24-07-2022 5145 1 0.025% 5169 5121
25-07-2022 5155 10 0.190% 5179 5131
26-07-2022 5091 -64 -1.246% 5116 5066
27-07-2022 5084 -7 -0.128% 5110 5059
28-07-2022 5121 36 0.713% 5146 5095
29-07-2022 5119 -2 -0.036% 5145 5092
30-07-2022 5130 12 0.229% 5157 5104
31-07-2022 5132 1 0.025% 5159 5105
01-08-2022 5142 10 0.191% 5169 5114

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 5245 Rs. for 1 gram 24 carat gold with the change of 0.220%, 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
05 July 2022 5245 12 0.220% 5296 5160


Gold Rate Prediction for Tomorrow

Gold rate prediction for tomorrow is 5227 INR for 1 gram 24 carat gold with negligible change of 0.329%, 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
06 July 2022 5227 -18 -0.329% 5247 5207

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 16th June Gold Rate Today
    Mumbai Rs 52325 Click Here
    Ahmedabad Rs 52420 Click Here
    Delhi Rs 52445 Click Here
    Jaipur Rs 52320 (Lowest) Click Here
    Kolkata Rs  52440 Click Here
    Bangalore Rs 52420 Click Here
    Hyderabad Rs 52420 Click Here
    Chennai Rs 52470 Click Here
    Kochi Rs 52475 (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
    01-07-2022 5204 5 0.093% 5258 5151
    02-07-2022 5193 -11 -0.200% 5254 5132
    03-07-2022 5214 21 0.385% 5283 5145
    04-07-2022 5233 19 0.355% 5310 5157
    05-07-2022 5245 12 0.220% 5296 5160
    06-07-2022 5227 -18 -0.329% 5247 5207
    07-07-2022 5223 -4 -0.080% 5243 5203


    Gold Price Forecast For 1 Month – 22 carat Gold

    Gold price forecast on Friday, 1 July : gold price 47259 Rupees, max 47670 Rs, min 46552 Rs. Gold price in India on Saturday, 2 July : gold price 48000 Rupees, max 48335 Rs, min 47456 Rs. Gold price forecast on Sunday, 3 July : gold price 47650 Rupees, max 47972 Rs, min 46972 Rs. Gold price in India on Monday, 4 July : gold price 48295 Rupees, max 48685 Rs, min 47405 Rs. Gold price forecast on Tuesday, 5 July : gold price 48310 Rupees, max 48590 Rs, min 48040 Rs.

    In 2nd week Gold price in India on Friday, 8 July : exchange rate 48180 Rupees, max 48500 Rs, min 47850 Rs. Gold price forecast on Saturday, 9 July : gold rate 47950 Rupees, max 48450 Rs, min 47690 Rs. Gold price in India on Sunday, 10 July : gold price 48240 Rupees, max 48330 Rs, min 48150 Rs. Gold price forecast on Monday, 11 July : gold price 48290 Rupees, max 48390 Rs, min 48190 Rs.

    In 3rd week Gold price prediction in India on Tuesday, 12 July : gold price 48140 Rupees, max 48250 Rs, min 48030 Rs. Gold price forecast on Wednesday, 13 July : gold price 48150 Rupees, max 48270 Rs, min 48030 Rs. Gold price in India on Saturday, 16 July : gold price 48360 Rupees, max 48500 Rs, min 48220 Rs. Gold price forecast on Sunday, 17 July : gold price 48650 Rupees, max 48800 Rs, min 48510 Rs.
    Gold rate prediction in India on Monday, 18 July : gold price 48710 Rupees, max 48860 Rs, min 48550 Rs.

    In 4th week Gold price forecast on Tuesday, 19 July : gold price 48550 Rupees, max 48710 Rs, min 48390 Rs. Gold price in India on Wednesday, 20 July : Gold price 48560 Rupees, max 48730 Rs, min 48400 Rs. Gold price forecast on Thursday, 21 July : gold price 48780 Rupees, max 48960 Rs, min 48590 Rs. Gold rate forecast in India on Friday, 22 July : gold price 48070 Rupees, max 48260 Rs, min 47880 Rs.

    In 5th week Gold price forecast on Monday, 25 July : gold price 48120 Rupees, max 48320 Rs, min 47920 Rs. Gold rate forecast in India on Tuesday, 26 July : gold price 48960 Rupees, max 49170 Rs, min 48760 Rs. Gold price forecast on Wednesday, 27 July : gold price 47980 Rupees, max 48180 Rs, min 47770 Rs. Gold price in India on Thursday, 28 July : gold price 47240 Rupees, max 47450 Rs, min 47020 Rs. Gold rate prediction in India on Friday, 29 July : gold price 47190 Rupees, max 47410 Rs, min 46970 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.

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