News & AnalysisCareer
Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Trading Tools
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
India Gold price today: FXStreet data show a fall in Gold prices
Data compiled by FXStreet showed a decline in gold prices in India on Friday.
At 12,225.43 Indian rupees (INR) per gram, gold was cheaper than on Thursday, when it cost INR 12,280.85.
On a per-tola basis, gold slipped to INR 142,615.30, compared with INR 143,241.50 the previous day.
Unit of measurement | Gold price (INR) |
|---|---|
1 gram | 12,225.43 |
10 grams | 122,268.20 |
Tola | 142,615.30 |
Troy ounce | 380,253.80 |
To calculate gold prices in India, FXStreet converts international prices into local currency using USD/INR and adjusts them to local units of measurement. These figures are refreshed daily using market rates at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold: Frequently Asked Questions
Throughout human history, gold has served extensively as both a store of value and a means of exchange, giving it an important role. Today, its appeal extends beyond its lustre and use in jewellery: the precious metal is widely regarded as a safe-haven asset and, therefore, a good investment in periods of upheaval. Because it is not dependent on any particular issuer or government, gold is also commonly viewed as a hedge against inflation and currency depreciation.
The largest holders of gold are central banks. To underpin their currencies during unsettled periods, they typically diversify their reserves and purchase gold, seeking to strengthen perceptions of their economy and currency. Substantial gold reserves can bolster confidence in a country's solvency. According to the World Gold Council, central banks increased their reserves by 1,136 tonnes of gold in 2022, valued at around $70 billion. No larger annual purchase has been recorded since records began. Emerging-economy central banks, including those in China, India and Turkey, are rapidly expanding their gold reserves.
Both the US dollar and US Treasuries are major reserve and safe-haven assets, and gold is inversely correlated with them. A weaker dollar generally accompanies a rise in 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 rallies tend to put pressure on the gold price, whereas selling in riskier markets generally supports the precious metal.
Numerous factors can influence gold prices. Its safe-haven appeal means geopolitical unrest or concerns over a severe recession can trigger a rapid increase. Gold pays 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; dollar weakness, by contrast, is likely to lift them.
(An automation tool was used in creating this post.)
POPULAR ARTICLES
1Euro: Range trading intact near recent lows against US Dollar – UOB2Pepe Price Forecast: PEPE eyes rally from triangle breakout as whale activity sends mixed signals3Indian Rupee surrenders weekly gains as oil prices climb further4Silver Price Forecast: XAG/USD rebounds from YTD low as outlook remains uncertain5Chainlink Price Forecast: LG CNS partnership lifts ecosystem outlook as LINK recovers6United Kingdom Retail Sales Post 0.4% MoM September Decline Versus -0.1% Forecast7EUR/USD Price Forecast: Bearish outlook persists below 100-day SMA as pair eases towards 1.12008Japanese Yen slips from one-month high as USD recovers, with Fed and BoJ still in focus9Indonesian Rupiah gains against US Dollar amid shift in safe-haven demand
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved