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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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New update 2025.10.24 13:36
India Gold price today: Gold falls, according to FXStreet data

update 2025.10.24 13:36

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

The price for Gold stood at 11,577.48 Indian Rupees (INR) per gram, down compared with the INR 11,630.14 it cost on Thursday.

The price for Gold decreased to INR 135,052.90 per tola from INR 135,651.70 per tola a day earlier.

Unit measure Gold Price in INR
1 Gram 11,577.48
10 Grams 115,780.80
Tola 135,052.90
Troy Ounce 360,102.70

 

Daily Digest Market Movers: Gold declines ahead of key US inflation data, US-China trade talks

  • High-level trade negotiations between the US and China are set to begin in Malaysia later on Friday. China's Vice-Premier He Lifeng will participate in the meetings, as well as US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer.  

  • US President Donald Trump and Chinese President Xi Jinping will meet next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit. 

  • The Trump administration is considering a plan to restrict a broad range of software-driven exports to China to retaliate against Beijing's latest round of rare earth export restrictions, Reuters reported late Wednesday. 

  • The US government shutdown on Friday has entered its 24th day, becoming the second-longest federal funding lapse ever, with no end in sight. The GOP-backed stopgap bill failed to pass in the Senate for a 12th time on Wednesday. The 54-46 vote fell mostly along party lines.

  • US President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft.

  • The Federal Reserve (Fed) is likely to lower its key interest rate by 25 basis points (bps) next week and again in the December policy meeting, according to a Reuters poll.

  • The CME FedWatch tool showed a 97% chance of a 25 basis points (bps) rate cut.

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

 : 2025.10.24

Update

Last updated

 : 2025.10.24

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