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.
Latest Factors Affecting Gold Prices, Forecast or Prediction
Latest Factors Affecting Gold Prices, Forecast or PredictionGold 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
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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.
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.
- 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.
- 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 & 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.
- 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.
- 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.