Created
: 2025.01.09
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
India Gold price today: Gold falls, according to FXStreet data
World FX news
Breaking news
India Gold price today: Gold falls, according to FXStreet data
New
2025.01.09 13:36
2025.01.09 13:36
2025.01.09 13:36
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 7,339.90 Indian Rupees (INR) per gram, down compared with the INR 7,357.66 it cost on Wednesday.
The price for Gold decreased to INR 85,611.14 per tola from INR 85,818.31 per tola a day earlier.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,339.90 |
| 10 Grams | 73,398.98 |
| Tola | 85,611.14 |
| Troy Ounce | 228,296.50 |
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Last updated
: 2025.01.09
Related articles
GBP/USD faces downward pressure due to UK fiscal concerns
25 minutes agoEUR/USD Price Analysis: Extended losing streak tests bullish recovery
30 minutes agoNZD/USD Price Forecast: Walks on thin rope near 0.5600
2025.01.09 23:22Fed's Harker: Fed still on rate-cut path, future moves driven by data
2025.01.09 23:13Fed's Collins: Current outlook calls for gradual, patient approach to rate cuts
2025.01.09 23:09GBP underperforms as Gilts remain weak - Scotiabank
2025.01.09 22:37
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD faces downward pressure due to UK fiscal concerns
The Pound Sterling depreciated against the Greenback on Thursday, even though the financial markets remained closed due to former US President Jimmy Carter's funeral.
New
2025.01.10 00:54EUR/USD Price Analysis: Extended losing streak tests bullish recovery
The EUR/USD pair continued its downtrend on Thursday, edging 0.18% lower to trade around 1.0305.
New
2025.01.10 00:48NZD/USD Price Forecast: Walks on thin rope near 0.5600
The NZD/USD pair rises slightly after posting a fresh more-than-two-year low of 0.5570 in Thursday's North American session but is still down quarter-to-a-percent.
New
2025.01.09 23:22Fed's Harker: Fed still on rate-cut path, future moves driven by data
Philadelphia Federal Reserve President Patrick Harker said on Thursday that the US central bank is still expected to continue to cut rates but explained that the path will depend on data, per Reuters.
New
2025.01.09 23:13Fed's Collins: Current outlook calls for gradual, patient approach to rate cuts
Federal Reserve Bank of Boston President Susan Collins said on Thursday that the current outlook calls for a gradual and a patient approach to rate cuts, as reported by Reuters.
New
2025.01.09 23:09GBP underperforms as Gilts remain weak - Scotiabank
The Pound Sterling (GBP) fell to its lowest since 2023 before steadying. UK 1OY yields rose 120bps in a handful of disorderly trading days either side of the infamous 2022 UK budget and required the BoE to step in a stabilize the markets, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.09 22:37EUR diverges further from spreads & fair value - Scotiabank
The Euro (EUR) perked up a little yesterday after finding support in the upper 1.02 region but it is finding the going tough against the USD and marginal gains earlier in the session have reversed, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.09 22:34CAD holds narrow range around 1.44 - Scotiabank
The Canadian Dollar (CAD) is little changed on the session. The immediate focus for local markets is on tomorrow's labour market update but the data perhaps won't add too much to short-term FX dynamics, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.09 22:32USD remains firm as GBP underperforms - Scotiabank
The US Dollar (USD) is firm but off its early session highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.09 22:17US Dollar moves slightly higher on inflation woes
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades roughly flat above 109.00 on Thursday while bond markets are coming off the boil for a minute.
New
2025.01.09 21:50Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
