Gold Rate Forecast or Prediction for Today, Tomorrow, Next Week, Months & Years

City Name	Rate on 10th May	Gold Rate Today
Mumbai	Rs 73680	Click Here
Ahmedabad	Rs 73955	Click Here
Delhi	Rs 73680 (Lowest)	Click Here
Jaipur	Rs 73840	Click Here
Kolkata	Rs 73840	Click Here
Bangalore	Rs 73960 (Highest)	Click Here
Hyderabad	Rs 73840	Click Here
Chennai	Rs 73860	Click Here
Kochi	Rs 73865	Click Here

Date	Gold Rate(24 Carat)	Change	Change%	High	Low
20-05-2024	7096	42	0.595%	7344	6742
21-05-2024	7209	113	1.592%	7451	6848
22-05-2024	7240	31	0.430%	7469	6973
23-05-2024	7317	77	1.063%	7607	7106
24-05-2024	7288	-29	-0.396%	7644	7019
25-05-2024	7285	-3	-0.041%	7558	7016
26-05-2024	6978	-307	-4.214%	7344	6638

Gold Rate Forecast for Next 6 Months

The below prediction chart shows the gold rate forecast for next 6 months from June- 2024 to November- 2024. In this prediction, you can see a gradual increase in gold rate in coming days. Average price for 10 gram 24 carat will close to 63,280 INR between upcoming months.

Expected Gold rate in Next Year 2025

Gold rate forecast in January 2025. In the beginning at 63301 Rs. Month’s maximum 66531, minimum 60195. The averaged price 63348. At the end of the month 63363, change for January 0.1%.

Gold rate prediction in February 2025. In the beginning at 63363 Rs. Month’s maximum 70657, minimum 63363. The averaged price 66169. At the end of the month 67292, change for February 6.2%.

Gold price forecast in March 2025. In the beginning at 67292 Rs. Month’s maximum 67864, minimum 61400. The averaged price 65297. At the end of the month 64632, change for March -4.0%.

This gold rate prediction shows future gold rate in upcoming months in next year.

Current Gold Rate Trend in India – Gold Rate Forecast

The current gold trend in the market reflects a blend of cautious optimism and global economic uncertainty. As of now, gold prices have experienced moderate fluctuations(currently decreasing) due to a mix of factors. These include the ongoing geopolitical tensions, inflation concerns, and central bank policies.

While the demand for gold as a safe-haven asset remains steady, the gradual economic recovery and potential interest rate hikes have slightly fluctuated gold rate and future gold rate predictions. People can also invest in stocks by using the best trading app in India but the stock market were extremely volatile, and gold investment is always a safe choice. Investors are closely monitoring indicators such as employment data, inflation rates, and central bank decisions to gauge the future trajectory of gold rates amidst this intricate market environment.

Top 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.

2. Interest Rates

Gold prices have a converse relationship with lowest 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.

3. 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.

4. 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.

5. 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.

FAQs About Gold Rate Forecast

1. How can you invest in Digital Gold?

Ans- Investors have several options to invest in gold, such as purchasing physical gold, investing in gold ETFs, buying gold mining stocks, or trading options and futures contracts. Physical gold can be bought in the form of bars, coins, or jewellery, but requires storage and insurance costs. Gold ETFs are easier and can be traded on stock exchanges like any other stock.

2. 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.

3. Is this gold rate prediction accurate?

Ans- Yes, 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.

4. What is the gold rate prediction for 2024?

Ans- At present, the prices of gold metal are on the upward side. And this gold rate trend is expected to continue for coming months in year 2024.

5. 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.

6. Will gold rate decrease in coming days?

Ans- As per financial expert’s Gold rate prediction we can say gold rate will decrease slightly in coming days or months because demand and supply of gold has better combination this time.