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

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 9,194.51 Indian Rupees (INR) per gram, broadly stable compared with the INR 9,185.40 it cost on Tuesday.

The price for Gold was broadly steady at INR 107,242.90 per tola from INR 107,136.70 per tola a day earlier.

Daily digest market movers: Gold price pulls back amid weak US Dollar, falling US yields

Gold prices suffered substantial losses as the markets cheered a ceasefire between Israel and Iran. US President Donald Trump posted on his social network that "Both Israel and Iran wanted to stop the War, equally! It was my great honor to Destroy All Nuclear facilities & capabilities, and then, STOP THE WAR!"

Bullion failed to print gains despite the decline in US Treasury bond yields and the US Dollar. The US 10-year Treasury note is yielding 4.30%, falling four basis points (bps). The US Dollar Index (DXY), which tracks the performance of the Buck's value against a basket of six peers, is also down 0.56% at 97.79.

The CB revealed that Consumer Confidence in June came at 93.0, down from 98.0 a month ago and also missed forecasts of 100. "The decline was broad-based across components, with consumers' assessments of the present situation and their expectations for the future both contributing to the deterioration," said Stephanie Guichard, senior economist for global indicators at the Conference Board.

Further Fed speakers crossed the wires. Cleveland Fed President Beth Hammack said that she sees rates "on hold for quite some time," even though the latest inflation readings are encouraging. New York Fed John Williams commented that tariffs will boost inflation to 3% this year and expects inflation to reach the 2% goal in 2026. Furthermore, it was added that the economy will grow at a slower pace, though it will not be tipped into a recession.

On Monday, US Flash PMIs remained in expansionary territory, suggesting that the economy remains solid. Next week, traders will be watching the release of the Institute for Supply Management (ISM) figures for June.

Money markets suggest that traders are pricing in 58 basis points of easing toward the end of the year, according to Prime Market Terminal data.

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.)