What Is Forecast For Gold Price?

What is the prediction for gold prices?

About the Gold commodity forecast Future price of the commodity is predicted at $2210.138 (14.195% ) after a year according to our prediction system.

This means that if you invested 100$ now, your current investment may be worth $114.195 on 2021 August 20, Friday..

Will gold rate decrease in coming days 2020?

Pune, April 24, 2020: The bullion market is closed due to the ongoing nationwide lockdown to prevent Coronavirus outbreak.

What will be the price of gold in 2022?

We forecast 2020 gold prices of roughly $1,500 per ounce. Over the next few years, we expect prices to fall to our real midcycle price of $1,250 per ounce in today’s dollars by 2022, which is roughly $1,370 per ounce in nominal dollars.

Is it a bad time to buy gold?

Market experts believe that for Indians, there is no right or wrong time to purchase or invest in gold. The consumption of gold in India is need-based (marriage, religious functions, and the matter of pride) rather than investment-based.

Will gold price go down after lockdown?

“After the lockdown is over, people will try to spend money to uplift their mood. They will go for shopping,” said James Jose, a Kerala-based gold refiner. Since the lockdown would have affected their income, “there will be a trend among the people to sell old gold to generate instant cash”, he added.