As the world’s leading investment manager, financial market journalist, and SEO mastermind, I bring you the latest updates on gold prices in India. According to data compiled by FXStreet, the price for Gold in India stood at 6,753.30 Indian Rupees (INR) per gram, a decrease from the previous day’s price of INR 6,780.07. Additionally, the price for Gold per tola decreased to INR 78,769.16 from INR 79,081.43.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,753.30 |
| 10 Grams | 67,533.00 |
| Tola | 78,769.16 |
| Troy Ounce | 210,052.10 |
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 and Analysis
Gold has historically been a valuable asset, serving as a store of value, medium of exchange, and a safe-haven investment during turbulent times. Central banks, including those in emerging economies like China, India, and Turkey, hold significant Gold reserves to strengthen their economies and currencies. The price of Gold is influenced by factors such as geopolitical instability, interest rates, and the strength of the US Dollar.
Investors and central banks often diversify their portfolios by investing in Gold, as it has an inverse correlation with risk assets like stocks. A weaker US Dollar typically leads to higher Gold prices, while a stronger Dollar tends to keep prices in check. Overall, Gold remains a popular choice for investors looking to hedge against inflation and economic uncertainty.
(An automation tool was used in creating this post.)