Select Language

India Gold price today: Gold kicks off FY 2025-26 with a bang

Breaking news

India Gold price today: Gold kicks off FY 2025-26 with a bang

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.04.01 14:36
India Gold price today: Gold kicks off FY 2025-26 with a bang

update 2025.04.01 14:36

At the onset of the new fiscal year (FY) 2025-2026 in India, the Gold price stands tall on Tuesday after gaining 32% in FY 2024-2025.

The buying interest around Gold price in India remains unabated amid speculations about its potential to reach Indian Rupees (INR) 1 lakh per 10 grams in FY26. 

Increased central bank buying and escalating trade war tensions, triggered by US President Donald Trump's aggressive tariff policies, continue to power the traditional safe-haven asset. 

At the time of writing, Gold price changes hands at INR 8,647.24 per gram, following Monday's close of INR 8,586.34, according to data compiled by FXStreet.

Meanwhile, Gold price increased to INR 100,859.70 per tola from INR 100,149.40 per tola a day earlier.

Unit measure Gold Price in INR
1 Gram 8,647.24
10 Grams 86,472.42
Tola 100,859.70
Troy Ounce 268,959.50

 

Global Market Movers: Gold price buying remains unabated 

  • The US President dashed hopes the levies would be limited to a smaller group of countries with the biggest trade imbalances and said on Sunday that reciprocal tariffs would essentially include all nations. This comes on top of Trump's 25% tariff on steel and aluminum, and auto imports, stoking worries about a widening global trade war.
  • Furthermore, investors now seem convinced that a tariff-driven slowdown in the US economic activity would force the Federal Reserve (Fed) to resume its rate-cutting cycle soon, despite sticky inflation. This, in turn, assists the safe-haven Gold price to register its strongest quarter since 1986 and hit a fresh record high on Tuesday. 
  • The markets are currently pricing in the possibility that the US central bank will lower borrowing costs by 80 basis points by the end of this year. This keeps the US Treasury bond yields depressed, which, in turn, does little to help the US Dollar attract any meaningful buyers and further underpins the non-yielding yellow metal. 
  • On the geopolitical front, Ukrainian officials said early on Monday that Russia bombed the city of Kharkiv in north-eastern Ukraine for the second night in a row. Moreover, Ukraine's President, Volodymyr Zelenskyy said that Russia had fired more than 1,000 drones in the past week and called for a response from the US and other allies.
  • Israel earlier this month ended its ceasefire with the Hamas militant group and renewed its air and ground strikes. Adding to this, the Israeli military has issued mass evacuation orders for Rafah, signaling a possible new ground operation in the city, raising the risk of a further escalation of tensions in the region. 
  • Traders now look to this week's key US macro releases, scheduled at the beginning of a new month, starting with the JOLTS openings and ISM Manufacturing PMI on Tuesday. This will be followed by the ADP report on Wednesday, US ISM Services PMI on Thursday, and the closely-watched US Nonfarm Payrolls (NFP) on Friday. 
  • The focus, however, will remain glued to Trump's impending reciprocal tariffs announcement later today, at 19:00 GMT. This will play a key role in influencing the broader risk sentiment and the USD price dynamics, which, in turn, should provide some meaningful impetus to the XAU/USD pair. 

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.)


Date

Created

 : 2025.04.01

Update

Last updated

 : 2025.04.01

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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

AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact

The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday's session. The cross remains mid-range between the day's low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.
New
update2025.04.23 06:10

USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh

The USD/JPY pair struggles to regain ground on Tuesday, trading around the 142.00 mark during North American hours after bouncing off earlier lows near 140.65.
New
update2025.04.23 05:30

Australian Dollar holds steady near 0.6400 despite renewed USD strength

The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during North American trading hours.
New
update2025.04.23 04:34

Forex Today: It is PMI-day!

The Greenback managed to regain strong upside traction and bounced off recent three-year lows vs.
New
update2025.04.23 04:25

Fed's Kashkari: Can't allow inflation expectations to get unanchored

Minneapolis Fed President Neel Kashkari warned that US tariffs act as a drag on economic growth and emphasised the central bank's responsibility to prevent those trade measures from fuelling longer-term inflation.
New
update2025.04.23 03:25

Mexican Peso strengthens to yearly high as trade war cools, mood improves

The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a 'de-escalation' of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
New
update2025.04.23 03:17

US Dollar attempts modest recovery amid Fed independence concerns, growth downgrades

The US Dollar Index (DXY) struggled to extend its bounce on Tuesday, hovering near the 98.50 zone after recovering slightly from the three-year trough of 98.01. The rebound came as markets reopened from the Easter Monday holiday and reassessed the broader macro landscape.
New
update2025.04.23 03:07

Gold pulls back from $3,500 record as China trade hopes spur profit-taking

Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of writing, XAU/USD hovers near $3,400, down over 0.63%.
New
update2025.04.23 02:37

EUR/GBP Price Analysis: Holds bullish tone despite minor decline

The EURGBP pair is exhibiting a bullish overall signal, currently trading around the 0.8600 area after slipping slightly during Tuesday's session following the European close.
New
update2025.04.23 01:55

US Treasury Secretary Bessent sees de-escalation with China - Bloomberg

The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation.
New
update2025.04.23 01:33

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel