India Gold price today: FXStreet data shows Gold prices moving higher

Gold traded higher in India on Friday, data compiled by FXStreet showed.

At 11,851.61 Indian rupees (INR) per gram, gold was up from Thursday’s price of INR 11,732.83.

On a per-tola basis, gold advanced from INR 136,849.40 a day earlier to INR 138,229.40.

Measurement Unit	Gold Rate in INR
1 Gram	11,851.61
10 Grams	118,511.40
Tola	138,229.40
Troy Ounce	368,622.90

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

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Gold: Frequently Asked 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. Beyond its lustre and use in jewellery, the precious metal is now widely regarded as a safe-haven asset, or an investment considered attractive during periods of turbulence. Its independence from any particular issuer or government also underpins the widespread view that gold offers a hedge against inflation and currency depreciation.

Which buyers hold the most gold?

The largest holders of gold are central banks. To support their currencies during turbulent periods, they typically diversify reserves and purchase gold, strengthening perceptions of their economies and currencies. Substantial gold reserves can bolster confidence in a country’s solvency. World Gold Council data show that central banks increased their reserves by 1,136 tonnes of gold, valued at around $70 billion, in 2022. That marked the largest annual purchase since records began. Among emerging economies, the central banks of China, India and Turkey are rapidly building their gold reserves.

How does gold move relative to other assets?

Both major reserve assets and safe havens, the US Dollar and US Treasuries have an inverse relationship with gold. A decline in the Dollar generally supports gold, allowing investors and central banks to diversify their holdings during unsettled periods. Risk assets also tend to move in the opposite direction to gold: stock market gains usually put pressure on the metal, whereas selling in riskier markets tends to support it.

Which factors influence gold prices?

A broad range of factors can drive changes in gold prices. Given the metal’s safe-haven appeal, geopolitical turmoil or concerns over a deep recession can trigger a rapid price rise. Gold generates no yield, so lower interest rates tend to support it, while a higher cost of borrowing usually puts it under pressure. Nevertheless, because gold is quoted in dollars (XAU/USD), most price movements hinge on the performance of the US Dollar (USD). Dollar strength tends to restrain gold prices; a softer Dollar, by contrast, is likely to lift them.

(An automation tool was used in creating this post.)