Discover the latest trends in gold prices in India with our comprehensive analysis. On Friday, gold prices in India surged, reaching 6,933.35 Indian Rupees (INR) per gram, up from Thursday’s price of INR 6,905.34. Moreover, the price for gold increased to INR 80,880.93 per tola from INR 80,545.38 per tola the day before.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,933.35 |
| 10 Grams | 69,343.53 |
| Tola | 80,880.93 |
| Troy Ounce | 215,658.20 |
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 the market rates at the time of publication. Local rates may slightly differ from the provided prices.
Gold FAQs: Insights and Analysis
- Gold has been historically valued as a store of value and a medium of exchange. It is considered a safe-haven asset, acting as a hedge against inflation and depreciating currencies.
- Central banks are significant holders of gold, using it to strengthen their reserves and currency during turbulent times. Emerging economies like China, India, and Turkey are rapidly increasing their gold reserves.
- Gold exhibits an inverse correlation with the US Dollar and US Treasuries, making it an attractive diversification option during market uncertainties.
- Various factors, including geopolitical instability and interest rate movements, can influence gold prices. The metal’s value is also closely tied to the performance of the US Dollar.
(This post was created using an automation tool.)