Gold Price Edges To Near All-Time High: Is It Good Time To Invest? Check Yellow Metal Target Price And Latest Gold Rates In Mumbai, Delhi, And Other Indian Cities

??Spot gold gained 0.2 per cent to USD 2,387.11 per ounce as of 0355 GMT, following its all-time high of USD 2,431.29 reached on Friday. Meanwhile, U.S. gold futures climbed 0.9 per cent to USD 2,403.90, according to Reuters report.
Gold Price Today, Gold And Silver Price, Yellow Metal, India, Mumbai, Delhi,

Gold Price Edges To Near All Time High: Is It Good Time To Invest? Check Yellow Metal Target Price And Latest Gold Rates In Mumbai, Delhi, And Other Indian Cities (Image source: Times Now Digital)

Gold Price Today: Global gold prices edged higher on Tuesday, remaining close to a recent record high reached last week, buoyed by worries over escalating geopolitical tensions between Iran and Israel, which bolstered demand for the safe-haven metal.
Spot gold gained 0.2 per cent to USD 2,387.11 per ounce as of 0355 GMT, following its all-time high of USD 2,431.29 reached on Friday. Meanwhile, U.S. gold futures climbed 0.9 per cent to USD 2,403.90, according to Reuters report.

Gold And Silver Price Today

On Tuesday, yellow metal price on MCX remained robust, rising by 0.70 per cent, or Rs 503 per 10 grams, reaching Rs 72,780 per 10 grams for contracts maturing on June 05. Meanwhile, the silver futures price for contracts maturing on May 03 surged by 20 per cent to Rs 80,022 per kilogram.

Gold Price Today In Mumbai, Delhi, Chennai And Other Indian Cities

Indian Cities18-Carat Gold Price22-Carat Gold Price24-Carat Gold Price
Gold Price In DelhiRs 55,720Rs 68,100Rs 74,280
Gold Price In MumbaiRs 55,590Rs 67,950Rs 74,130
Gold Price In KolkataRs 55,590Rs 67,950Rs 74,130
Gold Price In BangaloreRs 55,590Rs 67,950Rs 74,130
Gold Price In HyderabadRs 55,590Rs 67,950Rs 74,130
Gold Price In KochiRs 55,590Rs 67,950Rs 74,130
Gold Price In PuneRs 55,590Rs 67,950Rs 74,130
Gold Price In AhmedabadRs 55,640Rs 68,000Rs 74.180
Gold Price In ChennaiRs 56,280Rs 68,700Rs 74,950

Is It Good Time To Invest In Gold?

Over time, gold has proven to be an effective hedge against inflation, making it an increasingly important investment option for investors. In the last three months, the price of gold has surged by over 15 per cent, establishing itself as the top-performing asset class since the start of 2024. Should the interested investors buy gold? Is good time to invest amid volatility in stock market and raising global tensions. Here gold price forecast form top brokerages.

Gold Price Target: Bullish Forecasts from Leading Institutions

Financial analysts from prominent institutions have offered optimistic outlooks for gold prices.

JP Morgan's Forecast On Gold Price Target

JP Morgan, a leading US investment bank, predicts a price target of USD 2,500 per ounce for gold.

Citi's Forecast On Gold Price Target

Citi, a brokerage firm, anticipates a surge in gold prices, projecting them to reach USD 3,000 per ounce.

Bank of America's Forecast On Gold Price Target

Bank of America is forecasting a target price of USD 3,000 for gold by the year 2025.
These forecasts indicate the current momentum driving gold prices upward, with the potential for further increases in the near future. Despite possible periods of liquidation, market analysts consider any declines in gold prices as opportunities for investors to buy.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience consult their financial advisors before making any money-related decisions.)
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