India Gold price today: FXStreet data shows an increase in Gold prices

Gold became costlier in India on Monday, data compiled by FXStreet showed.

A gram of Gold was priced at 11,909.58 Indian Rupees (INR), compared with INR 11,825.19 on Friday.

On a per-tola basis, Gold advanced from INR 137,926.70 on Friday to INR 138,910.20.

Measurement unit	Gold Rate in INR
1 Gram	11,909.58
10 Grams	119,096.70
Tola	138,910.20
Troy Ounce	370,428.30

To calculate Gold prices in India, FXStreet converts international prices using USD/INR and local measurement units. The figures are refreshed each day using market rates available at the time of publication. These prices are provided for reference only; local rates may differ slightly.

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Gold: Common Questions

What makes Gold an investment choice?

Throughout human history, Gold has been important both as a store of value and as a medium of exchange. Beyond its lustre and use in jewellery, the precious metal is now widely regarded as a safe-haven asset, or an investment considered attractive during periods of turbulence. Since it is not dependent on any particular issuer or government, Gold is also commonly viewed as a hedge against inflation and currency depreciation.

Which buyers hold the most Gold?

The largest holders of Gold are central banks. To support their currencies during turbulent periods, they typically diversify their reserves and purchase Gold, reinforcing perceptions of economic and currency strength. Substantial Gold reserves can bolster confidence in a country's solvency. According to World Gold Council data, central banks increased their reserves by 1,136 tonnes of Gold in 2022, valued at around $70 billion. No other year since records began has seen purchases this high. In emerging economies, including China, India and Turkey, central banks are rapidly expanding their Gold reserves.

How does Gold move relative to other assets?

Both major reserve and safe-haven assets, the US Dollar and US Treasuries have an inverse correlation with Gold. A weaker Dollar generally accompanies a rise in Gold, allowing investors and central banks to diversify their holdings during unsettled periods. The metal also tends to move in the opposite direction to risk assets: stock-market gains usually weigh on Gold prices, whereas selling in riskier markets typically supports the precious metal.

Which factors drive Gold prices?

Several factors can influence Gold prices. Its safe-haven appeal means geopolitical instability or concerns about a severe recession can send prices sharply higher. Because Gold offers no yield, lower interest rates generally support it, while a rise in borrowing costs usually puts pressure on the yellow metal. Nevertheless, as Gold is priced in dollars (XAU/USD), most price movements hinge on the performance of the US Dollar (USD). Dollar strength tends to restrain Gold prices; a weaker Dollar, by contrast, is likely to lift them.

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