Gold prices in India experienced a slight dip on Tuesday, as reported by FXStreet’s data analysis.
The current price for Gold is at 6,739.57 Indian Rupees (INR) per gram, showing a decrease from Monday’s rate of INR 6,747.59.
Additionally, the price for Gold per tola has also decreased to INR 78,609.07 from the previous rate of INR 78,702.57.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,739.57 |
| 10 Grams | 67,395.74 |
| Tola | 78,609.07 |
| Troy Ounce | 209,624.30 |
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 these prices are for reference purposes only, and actual local rates may vary slightly.
Gold FAQs
Gold has historically served as a store of value and medium of exchange. In today’s market, it is considered a safe-haven asset, providing stability during uncertain times. Gold is also viewed as a hedge against inflation and currency depreciation, as it is not tied to any specific government or issuer.
Central banks hold significant amounts of Gold to bolster their currency reserves during economic turmoil. Recent data shows a notable increase in Gold purchases by central banks, particularly from emerging economies like China, India, and Turkey.
Gold’s price movement often correlates inversely with the US Dollar and US Treasuries, serving as a diversification tool for investors. Geopolitical events, economic indicators, and currency fluctuations can all impact Gold prices.
The price of Gold is influenced by various factors, including interest rates, market sentiment, and the strength of the US Dollar. Understanding these dynamics is crucial for investors looking to navigate the Gold market effectively.
(This content was generated using an automated tool for efficiency.)