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10 Gold Price Predictions in Rupees (Updated) | Gold Rate Prediction 2021
04 Aug 2021
Crowdwisdom360
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Please note Gold Prices in India are reported on a per 10 gm basis for 24 carat Gold.
Gold Price Prediction India: 4th Aug, 2021, Price Update
Current Gold Prices: International COMEX Gold was trading 0.04% lower at $ 1813.3 on Wednesday, 4th of Aug 2021 (Rs 43,285 per 10 gms)
In India, MCX Oct Gold closed 0.48% lower at Rs 47,856 on Tuesday, 3rd of Aug
Gold price in Mumbai (Retail) closed 0.08% higher at 49,610 on Tuesday, 3rd of Aug
|
|
28th July |
4th Aug |
Weekly Change |
|
$ 1799.7 |
$ 1813.3 |
+0.76% |
|
|
Rs 47,714 |
Rs 47,856 |
+0.3% |
|
|
Rs 49,370 |
Rs 49,610 |
+0.49% |
Will Gold Price decrease in the coming days? 4th August 2021
According to analysts, the current short term momentum for Gold is neutral. Bullish to Bearish/ Neutral forecasts are in the ratio of 1:3
अगर आप इसे हिंदी में पढ़ना चाहते हैं, तो यहां क्लिक करें
Gold Price Prediction: Technicals for 4th August 2021
|
|
Support |
Resistance |
|---|---|---|
|
$ 1808 |
$ 1834 |
|
|
$ 1799 (S3) |
$ 1815 (R1) |
|
|
$ 1811 (S3) |
$ 1814 (R1) |
|
|
Rs 47,644 |
Rs 47,934 |
Positive Forecasts
[2nd Aug] Gold looks set to rally, Jim Cramer
Negative/ Neutral Forecasts
[4th Aug] Gold Price Forecast: Stuck in familiar ranges, bears seek break of $1,790, bulls $1,834
[4th Aug] Gold Price Outlook: Gold August Battle Lines Drawn- XAU/USD Levels
[3rd Aug] Gold price underwhelms as the precious metal awaits non-farm payroll figures
[3rd Aug] Prices could remain subdued at current level
[3rd Aug] Gold Prices Move Back To The Downside
Gold Price Predictions: What is pushing up or pulling down Gold Prices?
1. Dollar Index, Bond Yields and other economic factors
The Dollar Index was trading 0.02% lower at 92.03 on Tuesday, 3rd Aug.
|
|
26th July 2021 |
3rd Aug 2021 |
Weekly Change |
|
92.65 |
92.03 |
-0.70% |
|
|
1.276% |
1.18% |
-7.5% |
2. Gold Demand:
2 out of the top 3 Jewellery companies in India closed lower on Monday (2nd Aug) even as the NIFTY closed higher.
On the ETF Side, GLD ETF closed lower on Monday (2nd Aug).
|
Stock |
Change on 2nd Aug |
Change in 5 days |
|
+3.58% |
+2.29% |
|
|
-0.96% |
+3.38% |
|
|
-1.78% |
+3.41% |
|
|
-0.12% |
+0.54% |
3. Gold Production
4 of the 5 large Gold mining stocks closed lower on Monday, 2nd Aug.
|
Stock |
Change on 2nd Aug |
Change in 5 days |
|
-0.67% |
+1.53% |
|
|
-1.34% |
+2.67% |
|
|
-0.92% |
+3.4% |
|
|
-0.91% |
+5.35% |
|
|
+2.9% |
+4.63 % |
Latest Gold Price Chart from MCX
MCX October Gold closed 0.48% lower on Tuesday, 3rd of Aug
Gold Price Prediction: 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 2021 |
Date Given |
| Fitch | $ 1780 | June 9th |
| Axis Securities | $ 2000 | Apr 10th |
| Saxo Bank | $ 2000 | Apr 9th |
| Wells Fargo | $ 2200 | Mar 29th |
| Invesco | $ 1850 | Mar 23rd |
| RBC | $ 1732 | Mar 22nd |
| ANZ Bank | $ 2100 | Feb 25th |
| Goldman Sachs | $ 2000 | Feb 24th |
| Citibank | $ 1950 | Feb 23rd |
| CommerzBank | $ 2000 | Feb 22nd |
Gold Price Prediction India: 5 Gold Price Predictions and Forecasts (India)
|
Institution |
Target Price for 2021 |
Date Given |
| Anand Rathi | 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 |
| Religare Broking | Rs 65,000 | Dec 31st, 2020 |
| Commtrends Risk | Rs 60,000 | Dec 27th, 2020 |
Gold Price in India: Gold Rate in Various Cities in India
|
City |
Price on 26th July |
Price on 2nd Aug |
| Mumbai | Rs 49,430* (Highest) | Rs 49,595 (Highest) |
| Ahmedabad | Rs 49,325 | Rs 49,480 |
| Delhi | Rs 49,365 | Rs 49,490 |
| Jaipur | Rs 49,275( Lowest) | Rs 49,430 (Lowest) |
| Kolkata | Rs 49,450 | Rs 49,475 |
| Bangalore | Rs 49,380 | Rs 49,500 |
| Hyderabad | Rs 49,395 | Rs 49,500 |
| Chennai | Rs 49,430 | Rs 49,560 |
| Kochi | Rs 49,435 | Rs 49,565 |
*highest/lowest in the 9 cities on that day
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Gold Price Prediction India: Long Term Views
Positive
-
Gold has had a tough year, but things could turn around in the second half, market analyst says
-
Long-term outlook bullish on gold; silver prices to remain under pressure: Nirmal Bang Commodities
-
CNBC TV18: Why Digital Gold should be a part of portfolio
-
Axis Securities: Gold continues to be a preferred asset class for 2021
-
TheHindu: Medium term outlook positive for Gold
-
Incrementum: 45% chance Gold could hit all time high this year
Negative/ Neutral
-
OCBC: Gold headed to $ 1500 by end of 2022
-
Russell Clark Investment: Bearish on Gold due to price vs price of Food and Liquidity
-
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.
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.
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