Gold Rate Forecast / Prediction for Today, Tomorrow, Next Week, Next Months and Years - Hma trading (2024)

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

Gold Price Today in India is ₹ 75,050 per 10 grams for 24 Carats and ₹ 68,800 for 22 Carats

Gold Rate Forecast Today (16-09-2024)

Trend – Positive

Previous Close: 73,515 (MCX Future)

Gold Rate Resistance / Support

Gold Rate Forecast Weekly (16-09-2024 To 20-09-2024)

Trend – Positive

Previous Close: 73,515 (MCX Future)

Gold Resistance / Support

Gold Rate Prediction or Forecast for Next Week

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

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 September, 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 July 24 to Dec 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 72,930 INR.

Monthly Gold Price Prediction – Gold Rate Predictionfor2024

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 ₹ 6,566 per gram for 22-carat gold and ₹ 7,163 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 ₹ 6,566, making it around ₹ 65,660 for 10 grams. If one prefers the purity of 24-carat gold (999), Today’s gold rate in Vijayawada is approximately ₹ 7,163, resulting in a total of approximately ₹ 71,630 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 ₹ 6,566, which means that 10 grams of gold would cost about ₹ 65,660. For 24-carat gold (999), the price per gram is around ₹ 7,163, which means that 10 grams of gold would cost about ₹ 71,630.

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.

Gold rate today Chennai is:

Today Gold rate in 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 ₹ 6,571 per gram for 22-carat gold and ₹ 7,168 per gram for 24-carat gold.

Today Gold rate in 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 ₹ 6,566 per gram for 22k and at ₹ 7,163 per gram for 24k.

Today Gold rate in Delhi

Delhi – Since the beginning of the year, there has been some growth in the gold rate in Delhi. This is becauseequities 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 ₹ 6,581 per gram for 22k and ₹ 7,178 for 24k.

Today Gold price in 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 ₹ 6,581 per gram for 22-carat gold and ₹ 7,178 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.

Today Gold price in Pune

Pune – Pune’s gold prices areusually 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 ₹ 6,566 per gram for 22k and ₹ 7,163 per gram for 24k.

Today 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 ₹ 6,571 per gram for 22-carat gold and ₹ 7,168 per gram for 24-carat gold (also known as 999 gold).

Today 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 ₹ 6,675 per gram for 22-carat gold and ₹ 7,272 per gram for 24-carat gold.

Today Gold price in 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:

Today Gold price in 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 ₹ 6,675 per gram for 22k and ₹ 7,272 per gram for 24k.

Today Gold price 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:

Today Gold price in 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 ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 per gram for 24-carat gold.

The gold pricetodayin Jaipur stands at:

Today Gold Rate in Ayodhya

The gold rate in Ayodhya today is ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 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 ₹ 6,675 per gram for 22-carat gold and ₹7,272 per gram for 24-carat gold. The gold prices in Bhopal have risen significantly over the past few years, reflecting global and domestic trends.

Today Gold rate 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 ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 per gram for 24-carat gold.

Today Gold price in 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 ₹ 6,670 per gram for 22-carat gold and ₹ 7,277 per gram for 24-carat gold.

Today Gold price in Amritsar

The gold price today in Amritsar is ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 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.

Today Gold price in 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 ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 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.

Today Gold rate in 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 ₹ 6,670 per gram for 22-carat gold and ₹ 7,277 per gram for 24-carat gold, indicating the current pricing scenario in the city.

Today Gold price in 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 ₹ 6,685 per gram for 22-carat gold and ₹ 7,292 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.

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.

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