Today’s Gold Rate in Belgaum: Should You Wait for the Price to Come Down?

Belgaum News: The gold rate in Belgaum today, 03 May 2024 is ₹72,280 for 10 gm of 24 kt gold. Yesterday, the price was almost the same. The price doesn’t seem to come down in the near future as the experts have already given their opinion that the price will keep on rising and there is a high possibility that it may reach 2 lakhs for 10 gm in the coming 7-8 years.

Given the past trend of gold prices and future expectations, analysts believe that the price of gold will triple the current price.

But the question is, should you buy the gold at this price or should you wait for the price to fall a bit? The price of gold is not increasing as of now, the US Fed policy meeting is also over, and still, the prices are almost the same.

WeightToday PriceYesterday Price
1 gm₹7,228₹7,150
8 gm₹57,824₹57,200
10 gm₹72,280₹71,500
12 gm (1 Tola)₹86,736₹85,800

According to some analysts, the price of gold in the month of May and June will remain in a range between ₹71,000 and ₹74,000. The price may show some movement either up or down.

Past Trend of Gold Rate Per 10 gm

DateGold RateTime it Took to Grow
19 April 2024₹73,5968 Years 9 months
24 July 2015₹24,7409 Years 5 months
03 March 2006₹8,25018 Years 11 months
31 March 87₹2,570
source: IBJA of Gold Prices

Looking at the trend and future perspective, it is clear that the gold rate may triple again.

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