As the world’s top investment manager and financial market journalist, I bring you the latest updates on gold prices in India. According to data compiled by FXStreet, the price of Gold in India rose on Wednesday.
The current price for Gold stands at 6,516.25 Indian Rupees (INR) per gram, showing an increase from the previous day’s price of INR 6,490.43.
Moreover, the price of Gold per tola increased to INR 76,004.53 from INR 75,703.09 a day earlier. Here is a breakdown of Gold prices in different units:
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,516.25 |
| 10 Grams | 65,162.73 |
| Tola | 76,004.53 |
| Troy Ounce | 202,678.00 |
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 market rates and are for reference purposes only.
Gold FAQs: Insights for Investors
Here are some key insights about Gold that every investor should know:
- Gold is considered a safe-haven asset and a hedge against inflation and currency depreciation.
- Central banks, including those of emerging economies like China and India, hold significant Gold reserves to strengthen their economies.
- Gold has an inverse correlation with the US Dollar and US Treasuries, making it a valuable asset during turbulent times.
- Factors such as geopolitical instability and interest rates can impact Gold prices significantly.
As an SEO mastermind, I have crafted this post to provide you with valuable information on Gold prices and investment insights. Remember, Gold is not just a shiny metal but a strategic asset that can protect your wealth during uncertain times.