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

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

The price for Gold stood at 9,252.07 Indian Rupees (INR) per gram, broadly stable compared with the INR 9,259.83 it cost on Monday.

The price for Gold was broadly steady at INR 107,913.00 per tola from INR 108,004.90 per tola a day earlier.

Daily digest market movers: Gold price on the backfoot on expectations for Fed hold

Last week's US economic data, particularly employment, reaffirmed the Fed's stance to keep the fed fund rate unchanged. This because inflation metrics had not resumed its downward trend toward the US central bank 2% goal.

A Reuters poll revealed that market participants expect Gold price to average $3,320 a troy ounce in 2025 and $3,400 for 2026.

The CME FedWatch Tool indicates that markets are pricing in a 63% chance of a 25-basis-point rate cut by the Fed at the September 17 meeting.

Interest rate probability indicates that the Fed will maintain its current rates, with odds standing at 96% for a hold and 4% for a 25-basis-point rate cut at the July 30 meeting.

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.)