India Gold price today: FXStreet data show Gold moving lower

Gold traded lower in India on Tuesday, with data compiled by FXStreet showing a decline in prices.

At 12,426.96 Indian Rupees (INR) per gram, gold was down from Monday’s price of INR 12,507.97.

On a per-tola basis, gold slipped from INR 145,890.50 a day earlier to INR 144,943.80.

Measurement Unit	Gold Rate (INR)
1 Gram	12,426.96
10 Grams	124,268.10
Tola	144,943.80
Troy Ounce	386,523.30

To calculate gold prices in India, FXStreet converts international prices using USD/INR into the local currency and 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?

Throughout human history, gold’s widespread use as both a store of value and a medium of exchange has given 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, or a sound investment during periods of turmoil. Because gold is not dependent on any particular issuer or government, it is also widely considered 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 turbulent periods, they typically diversify their reserves and purchase gold, seeking to strengthen perceptions of their economies and currencies. Substantial gold reserves can bolster confidence in a country’s solvency. 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 year since records began has seen larger purchases. Among emerging economies, China, India and Turkey are rapidly expanding their central bank 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 generally moves inversely to them. A weaker Dollar tends to lift gold, allowing investors and central banks to diversify their holdings during turbulent periods. The precious metal also has an inverse relationship with risk assets: stock market rallies tend to put pressure on gold prices, whereas selling in riskier markets tends to support them.

Which factors drive Gold prices?

Several influences can shift gold prices. Its safe-haven appeal means geopolitical unrest or concerns about a deep recession can trigger a rapid rise. Since gold offers no yield, lower interest rates tend to support it, while a higher cost of borrowing usually puts pressure on the yellow metal. Nevertheless, the US Dollar (USD) drives most price movements because gold is quoted in dollars (XAU/USD). Dollar strength tends to restrain gold prices; a weaker Dollar, by contrast, is likely to lift them.

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