Today 24 Carat Gold Rate Per Gram in INR

Grams	24k Gold Today Price	22k Gold Today Price
1 gram	₹ 6,125	₹5,615
8 grams	₹ 49,000	₹44,920
10 grams	₹ 61,250	₹56,150
100 grams	₹ 6,12,500	₹5,61,500

Today 22 Carat Gold Rate Per Gram INR

Gram	24K Today	24K Yesterday	Price Change
1 gram	₹6,125	₹6,156	₹-31
8 gram	₹49,000	₹49,248	₹-248
10 gram	₹61,250	₹61,560	₹-310
100 gram	₹6,12,500	₹6,15,600	₹-3,100

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

Gold Price Today

The price of gold today, May 23, 2023, is $1,850 per ounce. This is a decrease of $10 from the previous day’s price. The price of gold has been on a downward trend since the beginning of the year, due to a number of factors, including rising interest rates and a stronger US dollar.

today gold rate

However, some analysts believe that the price of gold could start to rebound in the second half of the year, as investors seek out safe haven assets amid global economic uncertainty.

Factors Affecting the Price of Gold

The price of gold is affected by a number of factors, including:

• Interest rates: When interest rates rise, the price of gold tends to fall, as investors shift their money into higher-yielding assets.
• The US dollar: A stronger US dollar makes gold more expensive for buyers holding other currencies.
• Economic uncertainty: Gold is often seen as a safe haven asset, so its price tends to rise when investors are worried about the global economy.
• Geopolitical tensions: Gold is also seen as a hedge against political instability, so its price can rise when there is increased geopolitical risk.

How to Invest in Gold

There are a number of ways to invest in gold. You can buy physical gold, such as gold bars or coins, or you can invest in gold-backed ETFs or mutual funds.

If you choose to buy physical gold, you will need to store it in a safe place. You can also buy gold-backed ETFs or mutual funds, which are traded on exchanges like stocks. These funds track the price of gold, so you can profit from rising gold prices without having to worry about storing physical gold.

gold price chart

As you can see, the price of gold has been on a downward trend since the beginning of 2022. However, there have been some periods of volatility, such as in March 2022 when the price of gold spiked due to the Russian invasion of Ukraine.

It is important to note that the price of gold is a volatile asset, and its price can fluctuate significantly over time. However, gold can be a valuable asset to hold, especially during times of economic uncertainty. If you are considering investing in gold, you should do your research and understand the risks involved.

Here are some of the factors that can affect the price of gold:

• Interest rates: When interest rates rise, the price of gold tends to fall, as investors shift their money into higher-yielding assets.
• The US dollar: A stronger US dollar makes gold more expensive for buyers holding other currencies.
• Economic uncertainty: Gold is often seen as a safe haven asset, so its price tends to rise when investors are worried about the global economy.
• Geopolitical tensions: Gold is also seen as a hedge against political instability, so its price can rise when there is increased geopolitical risk

live gold price as of May 25, 2023

• Spot gold price: $1,852.00 per ounce
• Gold futures price: $1,853.00 per ounce

916 gold rate today–

The live gold price is constantly changing,916 gold rate today so you can always check the latest price on a website

The 916 gold rate today, May 25, 2023, in India is 5661 Indian Rupees per gram. This is a decrease of 51 Indian Rupees from yesterday’s price of 5712 Indian Rupees per gram. The price of gold has been decreasing in recent weeks due to a number of factors, including the rising interest rates in the United States and the strengthening of the Indian rupee.

gold price forecast

Gold prices are expected to remain volatile in 2023, with a range of potential outcomes. Some analysts believe that gold prices could reach $2,000 per ounce, while others believe that they could fall to $1,800 per ounce. The direction of gold prices will likely be determined by a number of factors, including the pace of economic growth, the level of inflation, and the direction of interest rates.

Factors that could support gold prices:

• A slowdown in economic growth could lead to increased demand for gold as investors seek a safe haven asset.
• Rising inflation could also support gold prices, as investors look for assets that will protect their purchasing power.
• If interest rates rise too quickly, it could lead to a decline in stock prices, which could also support gold prices.

Factors that could weigh on gold prices:

• A strong economic recovery could lead to lower demand for gold as investors become more confident in the economy.
• If inflation falls back to more moderate levels, it could reduce demand for gold as investors seek out other assets with higher yields.
• If interest rates rise at a more gradual pace, it could reduce the appeal of gold as a safe haven asset.

Overall, the outlook for gold prices in 2023 is uncertain. However, the metal is likely to remain an attractive investment for investors who are looking for a safe haven asset that can protect their wealth against inflation and economic uncertainty.

Here are some of the gold price forecasts from different sources:

• Trading Economics: Gold is expected to trade at $2,041.89 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at $2,120.72 in 12 months time.
• Capital.com: ANZ Research anticipated the precious metal trading at $2,100 by the late 2023, accelerating to $2,200 by September 2024. ANZ Research didn’t provide a gold price forecast for 2025.
• Goldmoney: Goldmoney’s forecast for gold is $2,500 per ounce by the end of 2023.

It is important to remember that these are just forecasts and the actual price of gold could be higher or lower than these estimates.