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

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 9,163.75 Indian Rupees (INR) per gram, down compared with the INR 9,272.21 it cost on Tuesday.

The price for Gold decreased to INR 106,883.00 per tola from INR 108,148.30 per tola a day earlier.

Daily Digest Market Movers: Gold price bulls remain on the defensive amid hopes for a US-China trade deal

• US equity indices rose sharply on Tuesday after US President Donald Trump backtracked on his criticism of Federal Reserve Chair Jerome Powell and said that he has no intention of firing him before the expiry of his term in May 2026.

• Adding to this, upbeat comments from Trump administration officials about US-China trade talks further boosted investors' confidence and prompted some profit-taking around the safe-haven Gold price following the recent record run.

• US Treasury Secretary Scott Bessent said that the tariff war between the US and China would de-escalate soon. Later, White House spokeswoman Karoline Leavitt told reporters that the Trump administration is setting the stage for a deal.

• Russian President Vladimir Putin said that he had a positive attitude towards any peace initiatives. In response, Ukrainian President Volodymyr Zelenskyy said on Tuesday that we are ready to sit down in any format after the ceasefire.

• Meanwhile, Trump's rapidly shifting stance on trade policies has eroded investors' trust and weakened confidence in the US economy. This fails to assist the US Dollar in preserving modest Asian session gains and supports the XAU/USD pair.

• Furthermore, the markets have been pricing in the possibility that the Federal Reserve will resume its rate-cutting cycle in June and lower borrowing costs at least three times by the end of this year, further benefiting the non-yielding yellow metal.

• Traders now look forward to the release of global flash PMIs for a fresh insight into global economic health. This, along with trade-related developments, will influence the risk sentiment and provide some impetus to the precious metal.

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.)