India Gold price today: FXStreet data shows Gold moving higher

Gold traded higher in India on Monday, with the rise reflected in figures compiled by FXStreet.

At 12,465.12 Indian rupees (INR) per gram, Gold was up from Friday’s price of INR 12,276.33.

Per tola, Gold climbed from INR 143,188.70 on Friday to INR 145,391.10.

Measurement Unit	Gold Rate in INR
1 Gram	12,465.12
10 Grams	124,651.60
Tola	145,391.10
Troy Ounce	387,706.20

To calculate Gold prices in India, FXStreet converts international prices into the local currency using USD/INR and adjusts for local measurement units. Daily updates use market rates prevailing at the time of publication. Prices are just for reference and local rates could diverge slightly.

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Gold: Common Questions

What makes Gold an investment choice?

Widely used both to preserve value and to facilitate exchange, Gold has held an important place throughout human history. Today, its appeal extends beyond its lustre and use in jewellery: the precious metal is widely regarded as a safe-haven asset, or a sound investment during periods of turmoil. Because it is not dependent on any particular issuer or government, Gold is also commonly viewed as a hedge against inflation and currency depreciation.

Which buyers hold the largest Gold reserves?

The largest holdings of Gold belong to central banks. To support their currencies during unsettled periods, they typically diversify reserves and purchase Gold, seeking to strengthen perceptions of their economies and currencies. Substantial Gold reserves can bolster confidence in a country’s ability to meet its financial obligations. According to World Gold Council data, central banks increased their reserves by 1,136 tonnes of Gold, valued at around $70 billion, in 2022. No higher annual purchase has been recorded since records began. Among emerging economies, China, India and Turkey are rapidly expanding their central banks’ Gold reserves.

How does Gold move relative to other assets?

Both the US Dollar and US Treasuries are major reserve and safe-haven assets, and Gold tends to move inversely to them. A decline in the Dollar generally supports Gold, allowing investors and central banks to diversify their holdings during turbulent periods. An inverse relationship also exists between Gold and risk assets: stock market gains tend to put pressure on Gold prices, whereas selling in riskier markets generally benefits the precious metal.

Which factors influence Gold prices?

Many factors can drive changes in Gold prices. Its safe-haven appeal means geopolitical unrest or concerns about a severe recession can trigger a rapid increase. Since Gold offers no yield, lower interest rates tend to support it, while a rise in borrowing costs usually puts pressure on the yellow metal. Nevertheless, movements in the US Dollar (USD) account for most price changes, as Gold is quoted in dollars (XAU/USD). Dollar strength tends to restrain Gold prices; a weaker Dollar, by contrast, is likely to lift them.

(This post was created with the aid of an automation tool.)