Gold Rate Forecast: Prediction for Tomorrow, Next 30 Days, Next Months & Years

The price of gold shot up from Rs. 90 per gram in 1979 to Rs. 7183 per gram in 2024, delivering remarkable returns.

Rs. 7183 – Rs. 90 = Rs. 7093

Rs. 7093 / 90 x 100 = 7881% returns over the 45 years of investment.

Historical data of Gold Price

In addition to this impressive historical data, I will provide you with the Gold Rate Prediction or Gold Price Forecast for today, tomorrow, and the next 30 days. I’ll also share predictions for the current financial year (2024-25) for both the 22-carat and 24-carat Gold segments. 

Factors Considered in Gold Price Prediction

Before I present the forecasts, let’s understand the key factors considered of Gold Price Prediction –

  • INR vs.US Dollar Value
  • Re-emergence of Covid
  • Russia-Ukraine War
  • India-China Tension
  • US-China Tension
  • China-Taiwan Conflict
  • Demand & Supply of Gold
  • Inflation/ Printing of Money
  • RBI Rate Change

Gold Rate Forecast for Today – April 11, 2024

According to our predictions, the gold rate for 24 Carat Gold is expected to be Rs. 7190 per gram, while for 22 Carat Gold, it is expected to be Rs. 6590 per gram.

Gold Rate Forecast for Today – 24 Carat
DateGold Rate(1 gram)ChangeChange%HighestLowest
11 April 2024719070.1%71937181

As per the forecast, Gold Rate shows a positive movement of 0.1% for the 24-carat segment.

This means that both segments’ prices are expected to increase by Rs. 7 per gram. So, if you’ve considered purchasing gold today, remember these predictions.

Gold Rate Prediction for Tomorrow – April 12, 2024

The gold rate forecast for tomorrow, April 12, 202, indicates that the price for 22-carat Gold is predicted to be Rs. 6569 per gram; for 24-carat Gold, it is expected to be Rs. 7189 per gram.

Gold Rate Forecast for Tomorrow – 24 Carat
DateGold Rate(1 gram)ChangeChange%HighestLowest
12 April 2024718910.01%71927184

The expected change is the same for 24 Carat Gold.

Gold Rate Forecast for the Next 30 Days – 24 Carat Gold

Now, let’s look into the future with the gold price forecast for the next 30 days, specifically for 24-carat gold. 

DatePriceChange% Change
11-Apr-2024719070.10
12-Apr-20247189-1-0.01
13-Apr-2024719450.07
14-Apr-2024720280.11
15-Apr-20247213110.15
16-Apr-20247210-3-0.04
17-Apr-2024721550.07
18-Apr-2024722380.11
19-Apr-2024722740.06
20-Apr-20247237100.14
21-Apr-20247228-9-0.12
22-Apr-20247239110.15
23-Apr-20247236-3-0.04
24-Apr-2024724150.07
25-Apr-2024724540.06
26-Apr-2024725270.10
27-Apr-2024725420.03
28-Apr-2024725950.07
29-Apr-2024726890.12
30-Apr-2024727130.04
1-May-20247269-2-0.03
2-May-20247264-5-0.07
3-May-2024726950.07
4-May-20247281120.17
5-May-2024728760.08
6-May-2024728810.01
7-May-2024729130.04
8-May-2024729760.08
9-May-20247290-7-0.10
10-May-20247300100.14

Go through our article on how to invest Rs. 5000 in share market in India.

Gold Price Forecast For 1 Month – 22 Carat Gold

You can check the Gold Rate Prediction for today, tomorrow, and next 30 days for 22-carat pure gold –

DatePriceChange% Change
11-Apr-2024659170.10
12-Apr-20246590-1-0.01
13-Apr-2024659550.07
14-Apr-2024660280.11
15-Apr-20246612110.15
16-Apr-20246609-3-0.04
17-Apr-2024661450.07
18-Apr-2024662180.11
19-Apr-2024662540.06
20-Apr-20246634100.14
21-Apr-20246626-9-0.12
22-Apr-20246636110.15
23-Apr-20246633-3-0.04
24-Apr-2024663850.07
25-Apr-2024664140.06
26-Apr-2024664870.10
27-Apr-2024665020.03
28-Apr-2024665450.07
29-Apr-2024666290.12
30-Apr-2024666530.04
1-May-20246663-2-0.03
2-May-20246659-5-0.07
3-May-2024666350.07
4-May-20246674120.17
5-May-2024668060.08
6-May-2024668110.01
7-May-2024668330.04
8-May-2024668960.08
9-May-20246683-7-0.10
10-May-20246692100.14

You can check out – list of refer and earn demat accounts in 2024

Gold Price Forecast for Next 6 Months – 24 Carat Gold

MonthPriceChange% Change
April7183010.56830
May725481.0718
June732010.9653
July740061.1805
August745980.8592
September755681.3970

Gold Price Forecast for Next 6 Month – 22 Carat Gold

MonthPriceChange% Change
April6584410.56830
May665031.0718
June671010.9653
July678391.1805
August683820.8592
September692711.3970

Factors Influencing Gold Prices in India

#1. Geopolitical Events

Gold is a global commodity, and its price is influenced by international events such as geopolitical tensions, wars, and economic indicators. For example, the ongoing Russia-Ukraine war, China-Taiwan conflict, India-China tension, and US-China tension can all impact gold prices.

#2. Demand and Supply

Global demand and supply dynamics influence fluctuations in gold prices in India.

#3. Inflation

Gold is often sought as a hedge against inflation. During times of rising inflation, investors turn to gold as a store of value, driving up its price in India and globally.

#4. Import Duty

The Indian government’s duty to import gold impacts the local price of gold. Higher import duties lead to higher gold prices.

#5. Currency Fluctuations

Exchange rate fluctuations between the Indian rupee and the US Dollar affect the cost of gold imports. If the rupee value falls, it leads to higher gold prices in India.

#6. Government Reserves

The central bank’s actions, RBI, in buying or selling gold from its reserves affect the overall supply and demand dynamics, which can influence gold prices in the long term.

#7. Interest Rates

Changes in interest rates set by the central bank can influence investors’ decisions to hold gold or invest in other financial instruments, affecting gold prices.

#8. Uncertain Market Conditions or Stock Market Crash

Uncertainty in the market, such as during the COVID-19 pandemic, can boost gold demand as investors seek safe-haven assets. Also, during stock market crashes, gold prices tend to rise as investors flock to this safe asset.

How to Invest in Gold

You can invest in gold through Physical gold, gold ETFs, mutual funds, SBGs, or digital gold.

#1. Physical Gold

You can buy physical gold through gold coins, bars, or jewelry from authorized dealers or reputable sources.

#2. Gold ETFs (Exchange-Traded Funds)

Gold ETFs are traded on stock exchanges, and gold prices are tracked. You get the convenience of trading like stocks while representing ownership of physical gold.

#3. Gold Mutual Funds

Gold mutual funds invest in shares of gold mining companies or other gold-related investments.

#4. Gold Futures and Options

Experienced investors can trade gold futures contracts on commodity exchanges, which involve buying or selling gold at a predetermined price on a future date.

#5. Gold Sovereign Bonds

Governments issue sovereign gold bonds, which are government securities denominated in grams of gold.

#6. Gold Mining Stocks

You can invest in shares of gold mining companies to gain exposure to gold prices and potential growth in the mining industry.

Before investing in gold, it’s essential to research the market, understand the risks involved, and consider your investment goals and time horizon. Diversification of investments is also recommended to manage risk effectively.

FAQs Regarding Gold Rate Forecast

What is XAUUSD?

XAUUSD is the symbol used to represent the price of gold quoted in U.S. dollars in the financial markets. It indicates the exchange rate of one troy ounce of gold in terms of U.S. dollars. Traders and investors use XAUUSD as a standard way to monitor and trade gold prices in the international market.

 

What is the purity of gold?

The purity of gold is measured in karats (K) or carats (C). It represents the amount of pure gold in a gold alloy. The most common purity levels are 24K (99.9% pure gold), 22K (91.6% pure gold), 18K (75% pure gold), and 14K (58.5% pure gold).

What is the current gold price trend?

Currently, the gold prices are on an upward trend, and this trend is expected to continue in the coming days.

What is 916 gold?

916 gold, also known as 22-carat gold, is a type of gold alloy that contains 91.6% pure gold in 100 grams of alloy (22k/24k = 91.6%) and 8.4% other metals, usually copper and silver. It is widely used in jewelry making due to its combination of durability and purity.

What are the factors considered for the gold rate forecast?

The gold rate forecast considers several factors, with the dollar being a significant influence. Fluctuations in the dollar value can directly impact gold rates, making the global market highly sensitive to changes in the dollar’s performance.

What are the different types of gold investments?

You can invest in different types of gold –

  • Physical gold (coins, bars and raw gold),
  • Gold ETFs
  • Gold Bonds (Sovereign Gold Bond)
  • Gold mutual funds
  • Gold mining stocks
  • Gold futures.
About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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