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 rose on Wednesday.
The current price for Gold is 6,786.84 Indian Rupees (INR) per gram, up from the previous day’s price of INR 6,779.94. Additionally, the price for Gold per tola increased to INR 79,160.38 from the previous day’s price of INR 79,079.85.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,786.84 |
| 10 Grams | 67,868.95 |
| Tola | 79,160.38 |
| Troy Ounce | 211,094.50 |
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. Please note that prices are for reference purposes only and local rates may vary slightly.
Gold FAQs
Gold has historically been a valuable asset, serving as a store of value and a medium of exchange. In today’s world, it is considered a safe-haven investment during times of economic uncertainty, inflation, and currency depreciation. Central banks, including those in emerging economies like China and India, are increasingly adding Gold to their reserves to strengthen their currencies.
Gold prices often move in the opposite direction of the US Dollar and US Treasuries, making it an attractive option for diversification during market turbulence. Geopolitical events, economic conditions, and currency fluctuations can all impact the price of Gold.
Investors should pay attention to how the US Dollar behaves, as it plays a significant role in determining the price of Gold. A weaker Dollar typically leads to higher Gold prices, while a stronger Dollar can keep Gold prices in check.
(An automation tool was used in creating this post.)