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 this entire month, next month and this whole financial year 2020-21. Also you can find out Gold rate forecast & predictions for next financial years i.e. 2021-22 & 2022-23.

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

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.

Though the vaccination for Covid-19 has begun making its way to the markets, the emergence of the latest strain of Coronavirus can lead to gold going up. Generally, any pandemic will create havoc in the global economy and in those unpredictable times gold’s price will move up, you will see these prices in this gold rate forecast.

If you are looking to invest in Gold, it is hugely recommended to take a look at the past performances of the yellow metal that could help you predict its future performance. However, today, there are various sites that provide understandable info on gold rate forecast. For your reference, below is a chart highlighting gold price prediction for the next 30 days:

Gold Rate Forecast for Next 30 Days

Gold Rate Predictions (30 Days)
Date Gold Rate Change Daily Change %
22 April 2021 48059
23 April 2021 48256 197 0.41%
26 April 2021 48270 14 0.03%
27 April 2021 48889 619 1.28%
28 April 2021 48482 -407 -0.83%
29 April 2021 49045 563 1.16%
30 April 2021 48892 -153 -0.31%
03 May 2021 48650 -242 -0.49%
04 May 2021 49292 642 1.32%
05 May 2021 49704 412 0.84%
06 May 2021 50254 550 1.11%
07 May 2021 50188 -66 -0.13%
10 May 2021 50217 29 0.06%
11 May 2021 50988 771 1.54%
12 May 2021 51461 473 0.93%
13 May 2021 51218 -243 -0.47%
14 May 2021 50649 -569 -1.11%
17 May 2021 50823 174 0.34%
18 May 2021 50644 -179 -0.35%
19 May 2021 50913 269 0.53%
20 May 2021 50642 -271 -0.53%
21 May 2021 50463 -179 -0.35%
24 May 2021 50546 83 0.16%
25 May 2021 50461 -85 -0.17%

Please note that these gold prices are just for indicative purposes and the actual prices may vary. This chart intends to give an idea about the gold price trends in near future. You can do your research and find out the actual gold price on a respective day.

 

Monthly Gold Price Prediction – Gold Rate Prediction for 2021

Gold Rate Forecast from April 2021 to Sep 2021

Gold Rate Forecast 2021 (Monthly)
Month Average Close Change%
Apr 46715 48892
May 49814 50358 2.998%
Jun 49557 49125 -2.448%
Jul 48209 47651 -3.001%
Aug 46787 46270 -2.898%
Sep 47143 47658 3.000%

 

Gold Rate Prediction from Oct 2021 to March 2022

The below chart defines the gold price future prediction for 2021-22.

Month Average Close Change%
Oct-21 46770 46228 -3.001%
Nov-21 46267 46280 0.112%
Dec-21 45418 44892 -2.999%
Jan-22 44073 43580 -2.923%
Feb-22 44402 44887 2.999%
Mar-22 45734 46234 3.001%


Gold Rate Forecast for 2022 – 2023

Month Average Close Change%
Oct-22 53078 52671 -2.242%
Nov-22 53665 54251 3.000%
Dec-22 53240 52623 -3.001%
Jan-23 53616 54202 3.001%
Feb-23 54546 54661 0.847%
Mar-23 55692 56301 3.000%
Apr-23 57033 57334 1.835%

The chart clearly indicates that a steady increase in the gold rate is predicted for the 2022-2023 period.

 

Factors that influence the Gold Rate Forecast

  1. Demand and Supply

As is realistic with any traded commodity, the demand, and supply of gold, play a prominent role in defining its price. Unlike oil, gold is not a consumable product. All the gold that has ever been mined is still available in the world. Also, every year, the amount of gold mined is not very up. And so, if the demand for gold goes up, the price increases since the supply is comparatively uncommon.

  1. Interest Rates

Gold prices have a converse relationship with interest rates. When the interest rates slump, individuals don’t get attractive returns on their deposits. Hence, they tend to break their deposits and buy gold instead causing an increase in demand and so the price. On the other hand, when the interest rates rise, people sell their gold and invest in deposits to earn high interest leading to a drop in demand and 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 global gold production. However, it is the second-largest consumer of yellow metal. It imports large amounts of gold to meet the rising demand. Thus, import duty plays a great role in the price of gold.

  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). The price of gold 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. The Government also announced multiple economic inducement packages to fuel liquidity into the markets. So, this led to a situation where investors had money to invest but the stock markets were extremely volatile and interest rates were reducing. Hence, they began investing in gold that is known to be a safe investment during such times.

  1. Exchange Rate

The value of the 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 of gold, such exchange rate variations tend to affect gold rates.

  1. Reduced Gold Mining

One major factor that influences gold rates and gold price future 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.

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- t 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.

Open chat
1
Need Help?
Connect Us for More Existing Offers

Join the Best Stock Broker to Stay Ahead in Trading

  • Save 90% Brokerage - Trade more pay less
  • Receive Premium Stock Tips Daily
  • Refer your trader friends and make money
  • personal wealth manager

Open 100% Free Demat Zero AMC




    Fill Details & Get Free Expert Help

    Still Confused! Fill Details & Get Free Expert Help

    • - Get 90% Discount on Brokerage
    • - Get more than 20% Return on Investment
    • - Start with Zero Margin & Free AMC