The price of gold in India remained stable on Friday, according to data compiled by FXStreet.
Gold was priced at 6,797.25 Indian Rupees (INR) per gram, holding steady compared to Thursday’s price of INR 6,792.28.
The price of gold also remained steady at INR 79,281.77 per tola, compared to INR 79,223.86 per tola the previous day.
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,797.25 |
| 10 Grams | 67,972.48 |
| Tola | 79,281.77 |
| Troy Ounce | 211,418.20 |
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 market rates at the time of publication. Please note that local rates may vary slightly.
Gold FAQs
Gold has historically served as a store of value and medium of exchange. It is considered a safe-haven asset, offering protection during turbulent times. Additionally, gold is seen as a hedge against inflation and depreciating currencies.
Central banks are major holders of gold, using it to strengthen their reserves during economic uncertainty. In 2022, central banks added a record amount of gold to their reserves, signaling confidence in the precious metal.
Gold has an inverse relationship with the US Dollar and US Treasuries, making it an attractive option during times of currency devaluation or market volatility.
Gold prices can fluctuate due to various factors, including geopolitical events, economic conditions, and the strength of the US Dollar. As a result, monitoring these factors is crucial for investors.
(This content was generated using an automation tool.)