10 Gold Price Predictions in Rupees (Updated) | Gold Rate Prediction 2021


10 Gold Price Predictions in Rupees (Updated) | Gold Rate Prediction 2021

18 Apr 2021
10 Gold Price Predictions in Rupees (Updated) | Gold Rate Prediction 2021

According to analysts, Gold price prediction (COMEX) for Monday,19th April 2021 is in a trading range of $ 1734 (Rs 41,560) to $ 1801 (Rs 43,166). Gold price prediction (MCX - June) in India for Monday (19th April) is in a trading range Rs 46,489 to Rs 47,575

Average Gold price prediction (COMEX) for the year end 2021 on the basis of the last 10 forecasts is $ 1983 (Rs 47,646). Gold price prediction (MCX)  in India for 2021 on the basis of the last 5 forecasts is Rs 60,300. 

Please note Gold Prices in India are reported on a per 10 gm basis for 24 carat Gold.

Gold Price Prediction India: 18th April, 2021, Price Update

Current Gold Prices: International COMEX Gold closed 0.59% higher at  $ 1777 on Friday, 16th of April 2021 (Rs 42,591 per 10 gms). Gold is trading the highest in nearly 2 months. Falling Bond Yields drive Gold prices up

In India, MCX June Gold closed 0.37% higher at Rs 47,350 on Friday. MCX Gold could hit Rs 49,000 in the next 3 months according to Mint analysis. 

Gold Price in Mumbai (Retail) closed 0.10% lower at Rs 48,890 on Saturday. 


9th Apr 2021

16th April 2021

Weekly Change

Gold Price COMEX

$ 1744.8

$ 1777


Gold Price MCX

Rs 46,593

Rs 47,350


Gold Price in Mumbai (Retail)

Rs 47,910

Rs 48,690


Will Gold Price decrease in the coming Days? 19th April 2021

According to analysts, the current short term momentum for Gold is Bullish. Bullish to Bearish/ Neutral forecasts are in the ratio of 3:2

अगर आप इसे हिंदी में पढ़ना चाहते हैं, तो यहां क्लिक करें

Gold Price Prediction Today: Bullish News

  1. Daily FX: Gold could get a short term bounce from here

  2. Khaleej Times: Time to buy Gold

  3. Mint: More Gains seen in MCX Gold

Gold Price Prediction Today: Bearish/ Neutral News

  1. Investing.com: Not enough evidence rebound will beat key resistance levels

  2. FX Empire: Gold's current move not a game changer

Gold Price Prediction: Technicals for 16th April 2021





$ 1753

$ 1855


$ 1729 (S3)

$ 1786 (R1)


$ 1734 (S3) 

$ 1786 (R1)


$ 1720 (S3) 

$ 1776 (R1)


Rs 46,489 (S3).  

Rs 47,575 (R1)   

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Gold Price Predictions: What is pushing up or pulling down Gold Prices?

1. Dollar Index, Bond Yields and other economic factors

The Dollar Index closed 0.17% lower at 91.54 on Friday,16th April. Consumer prices rose faster than expected. This pushed the Dollar Index lower.


9th April 2021

16th April 2021

Weekly Change

Dollar Index




US 10-Yr





2. Gold Demand: 

2 of the top 3 Jewellery companies in India closed higher on Friday in line with NIFTY. India's Gold Imports are up 23% in the last 12 months

On the ETF Side, GLD ETF closed higher on Friday. 

China has apparently given permission to banks to import Gold


Change on 16th Apr

Change over Week

Titan Company



Rajesh Exports



Vaibhav Global






3. Gold Production

Global Gold Production is expected to increase by 5.5% this year

5 of the 5 large Gold mining stocks closed much higher on Friday. Gold miners are showing signs of a break out


Change on 16th Apr

Change in a Week

AngloGold Ashanti



Newmont Corporation



Barrick Gold Corporation



Kinross Gold






Latest Gold Price Chart from MCX

On the MCX, Gold closed 0.37% higher on Friday. Gold is now trading the highest since early February

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

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


Target Price for 2021

Date Given

Axis Securities $ 2000 Apr 10th
Saxo Bank $ 2000 Apr 9th
Wells Fargo $ 2200 Mar 29th


$ 1850

Mar 23rd


$ 1732

Mar 22nd

ANZ Bank

$ 2100

Feb 25th

Goldman Sachs

$ 2000

Feb 24th


$ 1950

Feb 23rd


$ 2000

Feb 22nd

Bank of America

$ 2000

Feb 16th

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


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


Price on 9th April

Price on 16th April


Rs 47,910 (Highest)*

Rs 48,690 (Highest)


Rs 47,780

Rs 48,570


Rs 47,830

Rs 48,525


Rs 47,730 (Lowest)

Rs 48,495 (Lowest)


Rs 47,730

Rs 48,530


Rs 47,820

Rs 48,550


Rs 47,785

Rs 48,485


Rs 47,860

Rs 48,560


Rs 47,865

Rs 48,565

*highest/lowest in the 9 cities on that day

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Gold Price Prediction India: Long Term Views


  1. New Biden stimulus likely to help Gold

  2. Business Standard: Increase allocation for Gold

  3. FX Empire: Gold could go to $ 2000

  4. Nuggets that are indicating a rebound in Gold

  5. A new analysis using credit spreads suggests that economic confidence is at its peak now. An increase in spread will predict Gold's next move higher

  6. Kitco: Gold to skyrocket in 6 months

  7. ANZ Bank: Rise in input commodity and container prices will push inflation higher in second half helping Gold

Negative/ Neutral

  1. Daily FX: Q2 Gold Forecast, IG Trading outlook for Q2

  2. Russell Clark Investment: Bearish on Gold due to price vs price of Food and Liquidity

  3. CPM Group: Subdued Gold Market in 2021

  4. 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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