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

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

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update 2025.09.11 13:38
India Gold price today: Gold falls, according to FXStreet data

update 2025.09.11 13:38

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

The price for Gold stood at 10,302.66 Indian Rupees (INR) per gram, down compared with the INR 10,322.88 it cost on Wednesday.

The price for Gold decreased to INR 120,168.20 per tola from INR 120,404.00 per tola a day earlier.

Unit measure Gold Price in INR
1 Gram 10,302.66
10 Grams 103,026.60
Tola 120,168.20
Troy Ounce 320,452.40

 

Daily market movers: Gold edges up as US inflation ticks lower

The US PPI in August witnessed a dip from 3.1% to 2.6% YoY. Core PPI came at 2.8% YoY, down from 3.4% downward revised in July. Pricing of rate cuts by the Federal Reserve, tilted 1 basis points dovishly. Meanwhile, the US Dollar Index (DXY), which tracks the buck's performance against a basket of six currencies, is flat at around 97.75.

US Treasury yields are falling, with the 10-year Treasury note down four basis points (bps) to 4.045%. US real yields--calculated by subtracting inflation expectations from the nominal yield--have decreased nearly four basis points to 1.685% at the time of writing.

US inflation data will be announced this week. On Thursday, traders await the US CPI, which is expected to increase from 2.7% to 2.9% YoY on Thursday. Core CPI, excluding volatile items, is expected to hold steady at 3.1% YoY.

The Bureau of Labor Statistics (BLS) revised down its annual benchmark payrolls to -911K for March 2025, exceeding economists' estimates of -682K, according to Bloomberg.

Regarding geopolitics Poland shot down Russian drones that crossed into its territory during Russia's latest massive air strike on Ukraine. Poland called it an "act of aggression," and the Polish Prime Minister said the violation is an intentional provocation from Moscow.

Chinese official data revealed that the People's Bank of China (PBoC) extended its buying streak to a 10 straight month in August.

Expectations that the Federal Reserve will cut rates next week 25 bps are at 90%. The chances for a 50 bps are slim at 10%, revealed Prime Market Terminal interest rate probabilities tool

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

 : 2025.09.11

Update

Last updated

 : 2025.09.11

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