India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 8,308.49 Indian Rupees (INR) per gram, up compared with the INR 8,297.47 it cost on Monday.

The price for Gold increased to INR 96,908.57 per tola from INR 96,780.01 per tola a day earlier.

Daily digest market movers: Unclear on the impact

• Johannesburg-based firm Gold Fields said Monday it put forward a non-binding proposal to buy the Perth-based company Gold Road Resources for 3.05 Australian Dollars (AUD) a share in cash on March 7, valuing its equity at 3.3 billion AUD and implying a total enterprise value of 2.4 billion AUD. Gold Road's board rejected the offer, Bloomberg reports.

• Chinese metals producer Zijin Mining Group Co. shares rose more than 5% after the company posted a record profit on surging Gold and Copper prices. Heightened global economic and geopolitical risks, coupled with tariffs, are increasing uncertainty, the company said in a statement after net income surged 52% last year. Rising demand for Gold Exchange Traded Funds (ETFs), as well as central bank purchases, will push bullion higher this year, Reuters reports. 

• US tariffs due April 2 are poised to be more targeted than the sprawling ones, according to US officials familiar with the matter. Still, traders remain wary with officials in China and Australia warning of widespread shocks to the global economy from US trade policy, Bloomberg reports. 

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.

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