Discover the latest updates on gold prices in India as of Thursday. According to data compiled by FXStreet, the price for Gold has increased, standing at 6,795.84 Indian Rupees (INR) per gram, up from 6,781.96 on Wednesday.
The price for Gold per tola has also seen a rise, now at INR 79,265.35 compared to INR 79,103.48 a day earlier.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,795.84 |
| 10 Grams | 67,958.41 |
| Tola | 79,265.35 |
| Troy Ounce | 211,374.40 |
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. Prices are just for reference and local rates could diverge slightly.
Gold FAQs
Why is Gold a Valuable Asset?
Gold has been historically used as a store of value and medium of exchange. It serves as a safe-haven asset during turbulent times and is a hedge against inflation and depreciating currencies.
Who Holds the Most Gold?
Central banks are the biggest holders of Gold. They diversify their reserves with Gold to strengthen their currencies and economies, with emerging economies like China, India, and Turkey increasing their reserves.
How Does Gold React to Market Conditions?
Gold has an inverse correlation with the US Dollar and US Treasuries. It tends to rise when the Dollar depreciates and is favored in times of market sell-offs. Geopolitical instability and economic fears can also drive up Gold prices.
What Influences Gold Prices?
Gold prices are influenced by factors such as geopolitical instability, interest rates, and the behavior of the US Dollar. A strong Dollar can keep Gold prices in check, while a weaker Dollar typically leads to higher Gold prices.
(An automation tool was used in creating this post.)