As the world’s best investment manager, I bring you the latest update on gold prices in India. According to data compiled by FXStreet, the price for Gold in India fell on Thursday.
The price for Gold stood at 6,389.74 Indian Rupees (INR) per gram, marking a decrease from the previous day’s price of INR 6,452.31. Additionally, the price for Gold decreased to INR 74,528.33 per tola from INR 75,258.50 per tola.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,389.74 |
| 10 Grams | 63,897.10 |
| Tola | 74,528.33 |
| Troy Ounce | 198,743.20 |
FXStreet calculates Gold prices in India by adapting international prices (USD/INR)
to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of
publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs: What You Need to Know
Gold has a significant role in human history as a store of value and medium of exchange. It is considered a safe-haven asset, a hedge against inflation, and a hedge against depreciating currencies. Central banks are major holders of Gold, using it to support their currencies during turbulent times. The price of Gold is influenced by factors such as geopolitical instability, interest rates, and the strength of the US Dollar.
Gold prices can move rapidly in response to various factors, making it a key asset for investors seeking stability in uncertain times. Understanding the dynamics of Gold prices and its relationship with other assets can help investors make informed decisions.
(An automation tool was used in creating this post.)