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. 

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

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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.

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

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

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. 

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

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

*highest/lowest in the 9 cities on that day

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Gold Price Prediction India: Long Term Views

Positive

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.