Gold Rate Forecast / Prediction for Today, Tomorrow, Next Months and Years

Gold Rate Forecast, Investing in gold may be utilized for a variety of things and is significant for several reasons. Inflation hedge, Diversification, Asset, and Insurance for a portfolio.

Today Gold Rate in India is ₹ 74,130 per 10 grams for 24 Carats and ₹ 67,950 for 22 Carats

Gold Rate Prediction or Forecast for Next Week

For the upcoming week, the prediction of the gold rate stands at:

Here is an explanation of how gold investments function and why they are frequently valued by investors:

1. Inflation hedge: 

Gold is frequently used as an inflation hedge. Over time, inflation reduces the value of fiat currencies, whereas gold has consistently held its worth. Investors dedicate a portion of their portfolio to gold to protect themselves from the loss of value brought on by inflation.

2. Diversification:

Adding gold to a portfolio of investments can help it become more diversified. Its price changes frequently do not correlate well with those of conventional asset classes like stocks and bonds. Gold could function as a counterweight when other assets lose value, lowering the portfolio’s total risk.

3. Asset:

One popular haven asset is gold. Investors frequently resort to gold in times of economic turmoil or market decline because of its relative stability and liquidity. It is a desirable alternative for asset preservation amid uncertain times due to its perceived inherent worth and historical dependability.

4. Insurance for a portfolio:  

Gold may serve as insurance for a portfolio. Gold has demonstrated endurance over the long run, despite short-term price fluctuations. It offers some protection from catastrophic occurrences, market collapses, or systemic risks that can have adverse impacts on other assets.

Gold Rate Forecast in India

Gold has historically held a certain fascination for investors seeking portfolio stability and diversification due to its long history as an asset. Over time, the gold rate has had its fair share of changes, from jarring lows to legendary highs. Its success is correlated with larger economic trends, such as those seen in the NSE and BSE‘s Sensex and Nifty indexes.

Early on Wednesday, there were divergent price movements for gold and silver. While gold prices were rising, silver futures prices were falling. Gold prices received some support from the flat Dollar Index. Key support levels for gold are located around $1,900 and $1,870. Nonetheless, the prognosis for the metal remains bleak. Although gold futures have fallen in June, they have risen so far this year. Although silver futures have fallen in June, they have slightly risen so far this year.

Gold Rate Forecast for Next 30 Days – Gold Price Prediction India

The chart provided here states the possible gold rates for the next 30 days or for April, making it easier for investors to plan their investments accordingly.

Gold Rate Prediction for the Next 6 Months

The gold price forecast for the next six months, which runs from Jan 24 to Jun 24, is shown in the chart below. This forecast by the finest stock adviser in India shows a modest decline in the price of gold over the next several days, with the average price for 10 grams of 24-karat gold coming in at close to 62,930 INR.

Monthly Gold Price Prediction – Gold Rate Prediction for 2024

Given below in the chart is the prediction of the gold rate for the months until Jun of next month

Gold Rate City-Wise:

Today Gold rate in Coimbatore

Today gold rate in Coimbatore is ₹ 6,455 per gram for 22-carat gold and ₹ 7,042 per gram for 24-carat gold. Today gold rate in Coimbatore is influenced by various factors such as global demand and supply, currency fluctuations, local taxes, and import duties.

Today Gold rate in Vijayawada

Today gold rate in Vijayawada showcases varying prices for different carats. For 22-carat gold, the price per gram is approximately ₹ 6,360, making it around ₹ 63,600 for 10 grams. If one prefers the purity of 24-carat gold (999), Today’s gold rate in Vijayawada is approximately ₹ 6,938, resulting in a total of approximately ₹ 69,380 for 10 grams.

Today Gold rate in Bangalore

Bangalore – Over the past few years, gold prices in Bangalore have been on the rise. Given the sharp trend, it is expected that gold prices will decrease in Bangalore. The search for gold in Bangalore is time-consuming. Before any rebound, there will likely be a decline, at which point it would be wise to start buying gold all over again. Before purchasing the precious metal, investors must watch for declines.

The chart for the gold rate today in Bangalore is:

Today gold rate in Mysore

Today gold rate in Mysore remains largely the same as the previous day. For 22-carat gold, the gold rate today in Mysore per gram is around ₹ 6,360, which means that 10 grams of gold would cost about ₹ 63,600. For 24-carat gold (999), the price per gram is around ₹ 6,938, which means that 10 grams of gold would cost about ₹ 69,380.

Today Gold rate in Chennai

Chennai – There is a high demand for gold in Chennai, the largest city in Tamil Nadu, among other places in India. The desire for the precious metal is a result of its high cultural significance and potential for profit. As a result, more gold is purchased and traded in this city than any other in India keeping in mind the rate today in Chennai.

In addition to decorations, gold may be purchased as bullion, coins, funds, and savings plans. Because gold is the only commodity that retains its worth over time, buyers will always be found in Chennai, regardless of its current price. On financial websites, at gold stores, and online, the cost of gold is changed daily. Today gold rate in Chennai is a little bit higher than it was in the previous week.

The gold rate in Chennai for today is:

Today Gold rate Indore

In Indore, the prices of both 22k and 24k gold have experienced a notable surge in recent years. Investors continue to view this precious metal as an appealing investment, considering the substantial returns it has yielded over the past few decades. The gold rate today in Indore is at ₹ 6,360 per gram for 22-carat gold and ₹ 6,938 per gram for 24-carat gold.

Today Gold rate Mumbai

Mumbai – Several, up to 300-year-old stores have been passed down from generation to generation and provide the best gold prices. Investors must thoroughly check the gold rate today in Mumbai before buying. Gold prices today in Mumbai at ₹ 6,360 per gram for 22k and at ₹ 6,938 per gram for 24k.

Gold rate today Delhi

Delhi – Since the beginning of the year, there has been some growth in the gold rate in Delhi. This is because equities markets suffered at the beginning of the year, encouraging investors to purchase safe-haven assets like gold.  Given that prices have fluctuated within a small range in recent years, the precious metal may not be a fan favorite. There was some interest in gold as an investment following a decline in equities prices at the beginning of the year.
However, the gold rate today in Delhi is at ₹ 6,375 per gram for 22k and ₹ 6,953 for 24k.

Gold price today Lucknow

Lucknow offers various locations where you can purchase gold, such as Jhande Wala Park, Gole Market Howrah, Amindabad, Indiranagar, and Alambagh, among others. However, it is advisable to check the current gold rates in Lucknow before making any purchases. The gold price today in Lucknow is ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold (also known as 999 gold). Staying informed about the latest rates ensures that you make well-informed decisions when buying gold in Lucknow.

Gold price today Pune

Pune – Pune’s gold prices are usually always different from those in other Indian cities due to factors like octroi fees, state taxes, and shipping expenses. Before buying gold jewelry in Pune, one should be aware that in addition to the current gold price shown on this website, marking fees are attached to the jewelry that drives up the final cost. The gold rate today in Pune is at ₹ 6,360 per gram for 22k and ₹ 6,938 per gram for 24k.

Gold price in Surat

Situated at the forefront of India’s textile and diamond polishing sectors, Surat has seamlessly integrated the significance of gold into its economic landscape. The gold prices in Surat stand at ₹ 6,365 per gram for 22-carat gold and ₹ 6,943 per gram for 24-carat gold (also known as 999 gold).

Gold rate in Patna

Patna, the capital of Bihar, is one of the major markets for gold in India. The demand for gold in Patna is influenced by various factors such as cultural traditions, festivals, weddings, and investments. The gold rate in Patna today is ₹ 6,365 per gram for 22-carat gold and ₹ 6,943 per gram for 24-carat gold.

Gold price today Kolkata

Kolkata – The most effective investment option has always been gold. The cost of gold has increased recently worldwide, including in Kolkata. It is the third-largest city in India, with a population of more than 14 million. The city is a hub for industry and receives a significant portion of national investments. Gold prices today in Kolkata help discerning investors make the right choices while investing or merely for the consumption of Gold.

As of Today, Gold Price in Kolkata for 22k and 24k stands at:

Gold price today Ahmedabad

Ahmedabad – Gujarat’s thriving gold trade has long been a well-known feature of the state. The State of Gujarat has produced many jewelers for the nation. In terms of population, Ahmedabad is the city with the largest population in Gujarat. As with any other trade, Ahmedabad’s gold trade has developed, and it is a significant source of income for many city residents. The gold price today in Ahmedabad stands at ₹ 6,365 per gram for 22k and ₹ 6,943 per gram for 24k.

Gold price today Hyderabad

Hyderabad – Most of the gold sold in Hyderabad goes into producing jewelry and other goods. However, it may also be utilized as a long-term or short-term investment. This is mostly for personal consumption, such as during weddings or festivals. Hyderabad residents are investing in gold rather than, for instance, bank accounts or the stock market because gold has historically provided safe and dependable returns.

Today gold rate in Hyderabad stands at:

Gold price today Jaipur

The demand for gold in Jaipur has consistently been high, reflecting the enduring fascination of the state’s residents for gold and similar ornaments. The city’s gold rates closely align with global trends, maintaining a comparative stance with other cities across the country. Notably, the prices in Jaipur exhibit marginal variations when compared to cities in the western parts of India, such as Mumbai and Pune. Gold price today in Jaipur is ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold.

The gold price today in Jaipur stands at:

Today Gold Rate in Ayodhya

The gold rate in Ayodhya today is ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold.

Today gold rate in Bhopal

Bhopal, the capital city of Madhya Pradesh, is a prominent market for gold in India. Today gold rate in Bhopal is ₹ 6,365 per gram for 22-carat gold and ₹ 6,943 per gram for 24-carat gold. The gold prices in Bhopal have risen significantly over the past few years, reflecting global and domestic trends.

Gold rate today in Agra

Agra, the city of the Taj Mahal, is also a popular destination for gold buyers and sellers. The gold rate per unit in Agra depends on the purity of the metal, which can range from 14 Carat to 24 Carat. The lower the Carat, the cheaper the gold, and the higher the Carat, the costlier the gold. The gold rate in Agra also fluctuates according to the international gold rate, which is influenced by various factors such as market demand and supply, currency exchange rates, geopolitical events, and economic conditions. The gold rate today in Agra is ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold.

Gold price today Bhubaneswar

Bhubaneswar, the capital of Odisha, is a major market for gold in India. The gold rate in Bhubaneswar is determined by various factors such as global and domestic trends, currency exchange rates, local demand and supply, and taxes and duties. The gold price today in Bhubaneswar is ₹ 6,360 per gram for 22-carat gold and ₹ 6,938 per gram for 24-carat gold

Gold price today Amritsar

The gold price today in Amritsar is ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold. Gold in Amritsar is mainly used for jewelry and investment purposes, as the country is one of the largest consumers of gold in the world. Unlike other countries that use gold for industrial purposes, gold in Amritsar is primarily an investment choice. Gold is popularly perceived as a relatively safe investment, especially in times of economic or political uncertainty.

Gold price today Gurgaon

As of today in Gurgaon, also known as Gurugram, the gold rates have exhibited stability, reflecting a trend that has persisted for a considerable period. Investors in the region have experienced limited returns from the precious metal in recent years, with the current gold rates closely mirroring those of approximately one year ago. Gold price today in Gurgaon stands at ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold. This prolonged stability suggests that investors seeking profitable returns from gold in Gurgaon may need to adopt a long-term perspective in their investment strategy.

Gold rate today Aurangabad

In Aurangabad, the trajectory of gold rates has experienced a positive shift, correlating with the global recovery in gold prices. The rates in the city have fluctuated within the range of Rs 46,725 to Rs 48,900 per 10 grams for 22 karats, showcasing a steady upward trend. Despite the absence of any significant breakout in prices in recent days, there exists the potential for an increase in Aurangabad’s gold rates in tandem with the rising international gold prices. Gold rate today in Aurangabad is ₹ 6,360 per gram for 22-carat gold and ₹ 6,938 per gram for 24-carat gold, indicating the current pricing scenario in the city.

Gold price today Kanpur

Gold has proven to be a reliable hedge against inflation, serving as a secure investment for individuals in Kanpur. Over the past few decades, investors who opted for 22-carat gold in Kanpur have witnessed commendable returns. Gold price today Kanpur indicates a rate of ₹ 6,375 per gram for 22-carat gold and ₹ 6,953 per gram for 24-carat gold as of today. This suggests a stable pricing scenario for gold in Kanpur, making it crucial for investors to stay updated on the latest trends and consider the historical performance of gold as a long-term investment.

There are various methods to become involved with gold investments:

• Physical gold is available to investors in the form of bars, coins, and jewelry. When one possesses real gold, they have full ownership and control over the commodity. However, there are storage and security issues to consider.
• Exchange-traded funds (ETFs) and mutual funds offer a dubious way to invest in gold. These investment vehicles enable investors of gold coins or derivatives to buy shares or units. They provide simplicity in trading, liquidity, and the ability to make smaller investments.
• Contracts for gold futures and options traded on commodity exchanges are available to more experienced investors. They can be used for speculation or as a hedge against price fluctuations. These derivatives call for a more in-depth comprehension of market dynamics and are often more appropriate for seasoned traders.

FAQs – Gold Rate Forecast