Gold Prices Today
Live scrap gold prices updated daily with market analysis, trends, and forecasts. Get current rates for all karat purities.
Calculate Your Gold ValueCurrent Scrap Gold Prices
| Karat | Purity | Price per Gram | Price per Ounce | 24hr Change |
|---|---|---|---|---|
| 24K | 99.9% pure | $113.42 | $3,527.76 | +1.2% |
| 22K | 91.7% pure | $104.02 | $3,235.45 | +1.2% |
| 18K | 75% pure | $85.07 | $2,645.82 | +1.2% |
| 14K | 58.3% pure | $66.16 | $2,058.69 | +1.2% |
| 10K | 41.7% pure | $47.26 | $1,470.07 | +1.2% |
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Gold Market Analysis
📈 Market Trend
Current Trend: Bullish
Gold prices have risen 1.2% in the last 24 hours due to economic uncertainty and inflation concerns. Technical indicators suggest continued upward momentum.
📊 Weekly Performance
7-Day Change: +3.8%
Gold has outperformed most assets this week, with strong buying pressure from institutional investors and central bank purchases.
🎯 Price Forecast
Short-term Outlook: Positive
Analysts expect gold to test $3,600/oz resistance level. Key support at $3,450/oz. Monitor Fed policy announcements for direction.
Factors Affecting Gold Prices Today
🏦 Economic Indicators
- Inflation Rate: Higher inflation typically drives gold prices up
- Interest Rates: Lower rates make gold more attractive vs bonds
- Dollar Strength: Weak dollar usually means higher gold prices
- Economic Uncertainty: Gold is a safe-haven asset during volatility
🌍 Global Events
- Geopolitical Tensions: Wars and conflicts increase gold demand
- Central Bank Policies: Monetary policy changes affect gold prices
- Supply & Demand: Mining output and jewelry demand impact prices
- Market Sentiment: Investor confidence affects precious metals
📈 Advanced Market Analysis
Supply Side Factors:
- Mine Production: Global output plateaued around 3,300 tonnes annually
- Recycling Supply: Scrap gold provides ~25% of annual supply
- Production Costs: Average all-in costs $1,200-$1,400/oz provide price floor
- New Discoveries: Fewer high-grade deposits being found
Demand Drivers:
- Central Bank Buying: 1,000+ tonnes purchased annually by central banks
- Investment Demand: ETFs, retail coins, and institutional allocation
- Jewelry Markets: India and China seasonal demand patterns
- Industrial Use: Electronics, medical devices, renewable energy applications
Technical Analysis:
- Support Levels: Key support at $3,400-$3,450/oz
- Resistance Levels: Next resistance around $3,600-$3,650/oz
- Moving Averages: Price trading above 50-day and 200-day MA
- Volume Trends: Increased trading volume indicates strong interest
🔮 Price Forecasting Models
Short-term Outlook (1-3 months):
Bullish factors: Fed policy uncertainty, inflation concerns, geopolitical tensions
Bearish factors: Strong USD, rising real yields, profit-taking
Price range: $3,400 - $3,700 per troy ounce
Medium-term Outlook (3-12 months):
Key drivers: Central bank policies, economic growth, inflation trajectory
Scenarios: Bull case $3,800+, Bear case $3,200-$3,400
Long-term Trends (1-5 years):
Structural support: Currency debasement, debt levels, demographic changes
Technology impact: Digital currencies vs traditional safe havens
Best Time to Sell Scrap Gold
⏰ Timing Your Sale
Current Market Conditions: Favorable for sellers
Sell Now If:
- Gold is above $3,500/oz (✅ Currently $3,527.76)
- You need immediate cash
- Market shows signs of topping out
Wait If:
- Strong upward trend continues
- Major economic events pending
- You can afford to wait for higher prices