Gold Prices Update in India
As the world’s top investment manager, it is crucial to stay informed about the latest trends in the market. Today, we bring you the update on gold prices in India, compiled by FXStreet.
Current Gold Prices in India
Gold prices in India have experienced a slight decline compared to Friday’s rates. The price for Gold now stands at 7,148.65 Indian Rupees (INR) per gram, down from the previous rate of INR 7,161.77. Additionally, the price for Gold per tola has decreased to INR 83,378.20 from INR 83,533.42.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,148.65 |
| 10 Grams | 71,483.23 |
| Tola | 83,378.20 |
| Troy Ounce | 222,347.90 |
Please note that FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. These prices are updated daily based on market rates at the time of publication and are intended for reference only. Local rates may vary slightly.
Gold FAQs
Importance of Gold in Today’s Market
Gold has a rich history and serves various purposes in today’s market. Here are some key points to consider:
- Gold is not only used for jewelry but is also considered a safe-haven asset, making it a valuable investment during turbulent times.
- Central banks hold significant amounts of Gold to support their currencies and improve economic stability.
- Gold has an inverse correlation with the US Dollar and US Treasuries, making it a popular choice for diversifying assets.
- Factors such as geopolitical instability, interest rates, and currency strength can influence Gold prices.
Analysis of Gold Prices
Understanding the factors that impact Gold prices is essential for investors and financial professionals alike. Here’s a breakdown of how Gold prices are influenced:
- Geopolitical Instability: Fears of a deep recession or geopolitical tensions can cause Gold prices to rise due to its safe-haven status.
- Interest Rates: Lower interest rates typically lead to higher Gold prices, as it is a yield-less asset.
- US Dollar Strength: The price of Gold is closely tied to the US Dollar, with a weaker Dollar resulting in higher Gold prices.
(This content was created using advanced analysis tools to provide you with the most up-to-date information.)