Created
: 2025.01.13
- 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
2025.01.13 13:36
2025.01.13 13:36
2025.01.13 13:36
Gold prices fell in India on Monday, according to data compiled by FXStreet.
The price for Gold stood at 7,455.15 Indian Rupees (INR) per gram, down compared with the INR 7,467.92 it cost on Friday.
The price for Gold decreased to INR 86,954.76 per tola from INR 87,104.32 per tola on friday.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,455.15 |
| 10 Grams | 74,550.39 |
| Tola | 86,954.76 |
| Troy Ounce | 231,884.70 |
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
: 2025.01.13
Related articles
USD/CHF gathers strength above 0.9150 on upbeat US NFP data, firmer US dollar
15 minutes agoFX option expiries for Jan 13 NY cut
2025.01.13 14:58US Dollar Index surges to near 110.00 due to rising odds of Fed maintaining rates
2025.01.13 14:36GBP/USD Price Forecast: Dives to its lowest level since November 2023 amid relentless USD buying
2025.01.13 14:24EUR/USD tumbles to near 1.0200 on stronger US Dollar
2025.01.13 14:09ECB's Rehn: EU should not take hits because of tariffs
2025.01.13 13:50
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
USD/CHF gathers strength above 0.9150 on upbeat US NFP data, firmer US dollar
The USD/CHF pair gathers strength to near 0.9170 during the early European session on Monday, bolstered by the firmer US Dollar (USD).
New
2025.01.13 16:13Silver Price Forecast: XAG/USD declines below $30.50 on slower US Fed rate cut buzz, firmer US Dollar
The Silver price (XAG/USD) attracts some sellers to near $30.20 during the early European session on Monday.
New
2025.01.13 15:14FX option expiries for Jan 13 NY cut
FX option expiries for Jan 13 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.01.13 14:58US Dollar Index surges to near 110.00 due to rising odds of Fed maintaining rates
The US Dollar Index (DXY), which tracks the US Dollar's (USD) performance against six major currencies, reached 109.98, the highest level since November 2022, during the Asian hours on Monday.
New
2025.01.13 14:36GBP/USD Price Forecast: Dives to its lowest level since November 2023 amid relentless USD buying
The GBP/USD pair remains under heavy selling pressure for the fifth straight day and dives to its lowest level since November 2023, around the 1.2125 region during the Asian session on Monday.
New
2025.01.13 14:24EUR/USD tumbles to near 1.0200 on stronger US Dollar
The EUR/USD pair trades in negative territory for the fifth consecutive day around 1.0215 during the early Asian session on Monday.
New
2025.01.13 14:09Gold price retreats from one-month peak amid bullish USD, elevated US bond yields
Gold price (XAU/USD) attracts some sellers during the Asian session on Monday and for now, seems to have snapped a four-day winning streak to the $2,700 neighborhood, or a one-month high touched on Friday.
New
2025.01.13 14:01ECB's Rehn: EU should not take hits because of tariffs
European Central Bank (ECB) policymaker Olli Rehn is speaking as part of a "policy dialogue" at the Asian Financial Forum (AFF) 2025, being held in Hong Kong on Monday.
New
2025.01.13 13:50ECB's Lane: More easing from the Bank is likely
European Central Bank (ECB) Chief Economist Phillip Lane is speaking as part of a "policy dialogue" at the Asian Financial Forum (AFF) 2025, being held in Hong Kong on Monday.
New
2025.01.13 13:45WTI trades around $77.00, reaches three-month highs following US sanctions on Russian Oil
West Texas Intermediate (WTI) Oil price extends its gains for the third consecutive session, hovering around $77.00 per barrel, near $77.46--levels not seen since October 8--during the Asian trading hours on Monday.
New
2025.01.13 13:36Disclaimer:
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
