The latest data from FXStreet shows a decrease in gold prices in India on Monday.
The price of gold is now at 6,744.25 Indian Rupees (INR) per gram, down from the previous price of INR 6,764.75 on Friday.
Similarly, the price of gold per tola has decreased to INR 78,663.64 from INR 78,902.73 on Friday.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,744.25 |
| 10 Grams | 67,442.80 |
| Tola | 78,663.64 |
| Troy Ounce | 209,774.90 |
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 at the time of publication. Local rates may vary slightly from these figures.
Gold FAQs
- Gold has historical significance as a store of value and medium of exchange. It is considered a safe-haven asset, a hedge against inflation, and depreciating currencies.
- Central banks hold significant gold reserves to support their currencies, with emerging economies like China, India, and Turkey increasing their reserves.
- Gold has an inverse correlation with the US Dollar and US Treasuries, serving as a diversification option in volatile markets.
- Various factors such as geopolitical instability, interest rates, and the strength of the US Dollar can influence gold prices.
(This post was generated using an automation tool.)