As the world’s leading investment manager, I bring you the latest news on gold prices in India. According to data compiled by FXStreet, the price for Gold has fallen in India on Monday.
The current price for Gold stands at 6,734.82 Indian Rupees (INR) per gram, down compared with the INR 6,751.38 it cost on Friday. Additionally, the price for Gold has decreased to INR 78,553.60 per tola from INR 78,746.75 per tola on Friday.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,734.82 |
| 10 Grams | 67,348.19 |
| Tola | 78,553.60 |
| Troy Ounce | 209,476.40 |
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 only, and local rates may vary slightly.
Gold FAQs
Gold has long been a key investment choice, with its role as a store of value and safe-haven asset during turbulent times. Central banks, the largest holders of Gold, are increasing their reserves to boost their economies’ perceived strength. Gold’s price movements are often influenced by factors such as geopolitical instability, economic recessions, and currency fluctuations.
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Analysis:
For investors, the decrease in Gold prices in India could signal a shift in market sentiment. Gold, often considered a safe-haven asset, tends to rise during times of uncertainty. Central banks’ increasing Gold reserves may indicate a lack of confidence in traditional assets. Understanding the factors influencing Gold prices can help investors make informed decisions about their portfolios and hedge against market volatility.