India Gold price today: FXStreet data show prices moving higher

India’s Gold prices advanced on Monday, data compiled by FXStreet showed.

At 11,909.58 Indian Rupees (INR) per gram, Gold was higher than Friday’s price of INR 11,825.19.

Per tola, Gold climbed from INR 137,926.70 on Friday to INR 138,910.20.

Measurement Unit	Gold Price (INR)
1 Gram	11,909.58
10 Grams	119,096.70
Tola	138,910.20
Troy Ounce	370,428.30

To calculate Gold prices in India, FXStreet converts international prices into local currency and measurement units using USD/INR. 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: Key Questions

Gold’s Role as an Investment

Widely used to store value 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: an investment considered attractive during periods of turmoil. Its independence from any particular issuer or government also underpins its widespread role as a hedge against inflation and currency depreciation.

Gold’s Largest Buyers

The largest holders of Gold are central banks. To support their currencies during turbulent periods, they typically diversify reserves and purchase Gold, reinforcing perceptions of economic and currency strength. 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, worth around $70 billion, in 2022. That marked the largest annual purchase on record. Emerging-economy central banks, including those in China, India and Turkey, are rapidly expanding their Gold reserves.

Gold’s Relationship With Other Assets

Both the US Dollar and US Treasuries are major reserve and safe-haven assets, and Gold tends to move inversely to them. Dollar depreciation typically lifts Gold, helping investors and central banks diversify their holdings during turbulent periods. The metal also has an inverse relationship with risk assets: stock-market gains tend to weigh on Gold prices, whereas selling in riskier markets generally supports the precious metal.

Key Drivers of Gold Prices

A broad range of factors influences Gold prices. Its safe-haven appeal means geopolitical instability or concerns about a deep recession can trigger rapid price increases. Because Gold generates no yield, lower interest rates generally support it, while higher borrowing costs usually exert pressure. Most price movements, however, depend on the US Dollar (USD), as Gold is denominated in dollars (XAU/USD). Dollar strength tends to restrain Gold prices; a weaker Dollar is likely to lift them.

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