Tomorrow's Gold Price Estimate (24-carat, per gram)
Moving Average Model
₹9663.30
Based on a 7-day moving average of historical prices.
Linear Regression Model
₹9580.00
Predicts based on linear trends in historical data.
Normal Distribution Model
₹9575.00 (±₹47.90)
Estimates based on daily returns distribution.
Weighted Average Estimate
₹9603.00
Combined estimate (MA: 30%, LR: 30%, ND: 40%)
Probability of Price Movements
- Increase (>1%): 20.00%
- Decrease (<-1%): 25.00%
- Stable (within ±1%): 55.00%
USD/INR Rate (as of May 2025): 84.12
Historical Gold Price Trend (Last 30 Days)
Note: Estimates are based on global gold futures data (GC=F) converted to INR using a USD/INR rate of 84.12. Indian market prices (e.g., MCX, local jewelers) include 10% customs duty, 3% GST, and 5-10% premiums, potentially increasing prices to ₹10,000-₹10,500/gram. Models (Moving Average, Linear Regression, Normal Distribution) assume simplified trends and normal returns, which may not hold during geopolitical events, RBI policy changes, or high festival demand (e.g., Diwali, wedding season). For real-time forecasts, consult financial advisors and monitor MCX, global news, and economic indicators like USD/INR rates and inflation.
About This Forecast
Our forecast uses three statistical models—Moving Average, Linear Regression, and Normal Distribution of Returns—to estimate tomorrow's 24-carat gold price per gram in India. Data is derived from global gold futures, converted to INR with a current USD/INR rate, and adjusted for historical trends. While designed for accuracy, gold prices are influenced by complex factors like geopolitical tensions, USD/INR fluctuations, import duties, and local demand (e.g., festivals). For the latest prices, check MCX or consult financial experts.
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