The latest data compiled by FXStreet shows that gold prices in India remained relatively unchanged on Wednesday. The price of gold stood at 6,800.32 Indian Rupees (INR) per gram, which is almost the same as the previous day’s price of INR 6,794.06.
Similarly, the price of gold per tola was steady at INR 79,317.59, compared to the previous day’s price of INR 79,244.54.
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,800.32 |
| 10 Grams | 68,002.92 |
| Tola | 79,317.59 |
| Troy Ounce | 211,513.70 |
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. Local rates may vary slightly from the indicated prices.
Gold FAQs
- Gold has historical significance as a store of value and medium of exchange. It is considered a safe-haven asset, a hedge against inflation, and a protector against depreciating currencies.
- Central banks hold significant gold reserves to support their currencies during turbulent times and improve economic strength.
- Gold has an inverse correlation with the US Dollar and US Treasuries, making it a popular choice for diversification during market uncertainties.
- Various factors, such as geopolitical instability and interest rates, can influence the price of gold. The US Dollar’s performance also plays a crucial role in gold price movements.
(This post was created using an automation tool.)