Kitco Gold Chart Last 3 Days (2024)

FAQs

Is gold going up or down today? ›

The price of gold today, as of 8:20 am ET, was $2,513 per ounce. That's down 0.17% from yesterday's gold price of $2,517. Compared to last week, the price of gold is down 0.27%, and it's up 4.27% from one month ago. The 52-week gold price high is $2,526, while the 52-week gold price low is $2,364.

Gold increased 434.36 USD/t oz. or 21.06% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 2531.70 in August of 2024.

Best Month of the Year to Buy Gold

Since 1975, the gold price has tended to drop the most in March. The daily chart above shows April might offer a slightly lower overall price, but history shows March is the month gold falls the most and is thus one of the best times to buy.

The gold rate for next week is expected to fluctuate slightly. The predicted rate for 24 carat gold is Rs. 7395 per gram with a negligible change of 0.027%. The rate for 22 carat gold is predicted to be Rs. 6830 per gram. The gold rate is expected to vary between Rs. 7395 and Rs. 7021 for 1 gram of 24 carat gold.

Gold prices are expected to climb to $2,500/oz by the end of 2024, according to J.P. Morgan Research estimates. This prediction assumes a Fed cutting cycle commencing in November 2024, pushing gold prices to new nominal highs.

"Since the year 2000, gold has had a compound annual growth rate (CAGR) of 8.8%. If this carries forward, gold will exceed $3,000 by 2027," says Yip, who notes that during the same period, there have been seven years where gold saw a return of more than 20%.

Gold's price forecast for Q1 2024 at Bloomberg Terminal is between $1,913.63-$2,224.22. Goldman Sachs commodity analysts expect the potential upside of the gold price to be closely tied to changes in US interest rates and dollar movements, leading them to raise the gold price target for 2024 to $2,050 an ounce.

The current spot price for gold (as of the 15th of August 2024) is $78.94 per gram, $78,939 per kilogram, or $2,454.93 per ounce.

What will gold be worth in 5 years? ›

With all this in mind, we could expect the price of gold to be higher in 2022, based on the following predictions: With inflation raging and the US debt piling up, gold could move from its current price to as high as $3,000 (approximately £2,500) per ounce throughout the next five years.

In general, gold prices are relatively high right now. You can make money by getting cash for gold at this present moment. Nevertheless, there are many other things to consider before you liquify your gold assets.

If you're eyeing the calendar, January, August, September, and December have historically been good months for buying gold. Prices tend to go up during these times, so you might catch a good deal.

3. Which day is good to buy gold in a week as per astrology? Thursday (Guruwar), associated with Jupiter (Brihaspati), is considered the most auspicious day to buy gold in a week as per astrology. 4.

Which month is best to buy gold? If you're eyeing the calendar, January, August, September, and December have historically been good months for buying gold. Prices tend to go up during these times, so you might catch a good deal.