India Gold price today: FXStreet data shows a decline in Gold prices

Gold traded lower in India on Thursday, with figures compiled by FXStreet showing a decline in domestic prices.

At 12,358.95 Indian Rupees (INR) per gram, gold was cheaper than Wednesday’s price of INR 12,453.72.

A tola of gold cost INR 144,157.90, compared with INR 145,257.80 on the previous day.

Measurement Unit	Gold Rate in INR
1 Gram	12,358.95
10 Grams	123,593.00
Tola	144,157.90
Troy Ounce	384,404.60

To calculate Indian gold prices, FXStreet converts international prices using USD/INR and local measurement units. The figures are refreshed each day using market rates prevailing at publication. Prices are just for reference and local rates could diverge slightly.

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Gold: Common Questions Answered

What Makes Gold an Investment Choice?

Widely used both to preserve wealth and 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 a worthwhile investment during periods of uncertainty. Its independence from any particular issuer or government also underpins its widespread appeal as a hedge against inflation and currency depreciation.

Which Buyers Account for the Largest Gold Holdings?

The largest holders of gold are central banks. To help support their currencies during uncertain periods, they typically diversify reserves and purchase gold, strengthening perceptions of their economies and currencies. Substantial gold reserves can reinforce 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. No higher annual purchase has been recorded since records began. Among emerging economies, China, India and Turkey are rapidly building up 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 weaker Dollar generally supports gold, allowing investors and central banks to diversify their holdings during unsettled 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 Drive Gold Prices?

Several factors can influence gold prices. Its safe-haven appeal means geopolitical uncertainty or concerns about a deep recession can trigger a rapid rise. Lower interest rates tend to support gold because it offers no yield, while a higher cost of borrowing usually puts pressure on the yellow metal. However, since gold is priced in dollars (XAU/USD), the behaviour of the US Dollar (USD) drives most price movements. Dollar strength generally restrains gold prices; a softer Dollar, by contrast, is likely to lift them.

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