Gold Price Prediction in India for 24th January 2022

Gold Price Prediction in India for 24th January 2022
3 1
Read Time:2 Minute, 50 Second

According to analysts, Gold price prediction (COMEX) for Monday, 24th January 2022 is in a trading range of $ 1817 (Rs 43,480) to $ 1853 (Rs 44,341). Gold price prediction in India (MCX – Oct) for Monday, 24th January is in a trading range Rs 47,594 and Rs 47,850

Gold Price Prediction in India: Latest Price Update

Current Gold Prices: International COMEX Gold was trading 0.28% higher at $ 1836.90 on 24th January 2022. (Rs 43,937 per 10gm of 24 carat Gold)

In India, MCX Dec Gold closed 0.08% lower at Rs 47,808 on Friday (21st Jan). 

Gold price in Mumbai (Retail) closed at Rs. 48,236 on Friday 21st January 2022.

Will Gold Price decrease in the coming days?  24th January 2022

According to analysts, the current short term momentum for Gold is positive.

Gold Price Prediction in India: Technicals for 24th January 2022

Support
Resistance
$1823
$1877
$1811 (S3)
$1841 (R1)
$1816 (S3)
$1841 (R1)
Rs 47,917
Rs 48,405

Gold Price Prediction in India: 10 Gold Price Predictions and Forecasts (International)

Gold Prices are reported on a per 10 gm basis for 24 carat Gold. 

Institution
Target Price for 2022
Date Given
$ 1780
June 9th
$ 2000
Apr 10th
$ 2000
Apr 9th
$ 2200
Mar 29th
$ 1850
Mar 23rd
$ 1732
Mar 22nd
$ 2100
Feb 25th
$ 2000
Feb 24th
$ 1950
Feb 23rd
$ 2000
Feb 22nd

Gold Price Prediction India: 5 Gold Price Predictions and Forecasts (India)

Institution
Target Price for 2022
Date Given
Rs 50,000
Apr 6th, 2021
Ranka Jewellers
Rs 63,000 
Jan 9th, 2021
Tradebulls Securities
Rs 62,000 to 65,000
Dec 31st, 2020
Rs 65,000
Dec 31st, 2020
Rs 60,000
Dec 27th, 2020

Gold Price in India: Gold Rate in Various Cities in India

City
Price on 12th January
Price on 22nd January
Rs 49,440
Rs 50,100
Rs 49,380
Rs 50,200
Rs 49,310
Rs 50,080
Rs 49,330
Rs 50,150
Rs 49,380
Rs 50,150
Rs 49,370
Rs 50,155
Rs 49,380
Rs 50,125
Rs 49,430
Rs 50,195
Rs 49,435
Rs 50,200

*highest/lowest in the 9 cities on that day

Participate in Crowdwisdom360’s Favourite Bank Survey

Gold Price Prediction India: Long Term Views

Positive

  1. Gold above $3,000 an ounce? This investor thinks so
  2. Gold has had a tough year, but things could turn around in the second half, market analyst says
  3. Long-term outlook bullish on gold; silver prices to remain under pressure: Nirmal Bang Commodities
  4. CNBC TV18: Why Digital Gold should be a part of portfolio
  5. Axis Securities: Gold continues to be a preferred asset class for 2021
  6. TheHindu: Medium term outlook positive for Gold
  7. Incrementum: 45% chance Gold could hit all time high this year

Negative/ Neutral

  1. OCBC: Gold headed to $ 1500 by end of 2022
  2. Russell Clark Investment: Bearish on Gold due to price vs price of Food and Liquidity
  3. Baystreet: Gold could reverse course in second half

Read this thorough analysis about the relationship between Fed balance sheet and Gold Prices. Read this on what explains movement of Gold prices

Watch this space for more updates on Gold Price Forecast.

Read: NIFTY Prediction for 29th Dec: NIFTY faces resistance at 17,287 while support is at about 17,102.


Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends on Investments in Gold. Please consult a registered advisor to guide you on your financial decisions.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
100 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

CrowdWisdom 360

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply