On Wednesday, gold prices in India experienced a decline, as reported by FXStreet.
The current price for Gold is at 6,780.33 Indian Rupees (INR) per gram, down from the previous day’s price of INR 6,813.77.
Similarly, the price for Gold per tola decreased to INR 79,084.80 from INR 79,474.51.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,780.33 |
| 10 Grams | 67,803.61 |
| Tola | 79,084.80 |
| Troy Ounce | 210,886.20 |
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
Gold has been a significant asset throughout history, serving as a store of value and medium of exchange. It is considered a safe-haven investment during turbulent times and a hedge against inflation and depreciating currencies.
Central banks hold significant amounts of Gold to strengthen their reserves and currency value. In 2022, central banks added a record amount of Gold to their reserves, signaling trust in the precious metal’s stability.
Gold has an inverse correlation with the US Dollar and US Treasuries, making it an attractive option for diversification during market uncertainties.
The price of Gold is influenced by various factors, including geopolitical events, interest rates, and the behavior of the US Dollar. A weaker Dollar typically leads to higher Gold prices.
(An automation tool was used in creating this post.)