India Gold price today: FXStreet data show Gold prices moving higher

Gold traded higher in India on Thursday, with the advance reflected in figures compiled by FXStreet.

Up from Wednesday’s INR 12,349.87 per gram, Gold was priced at 12,562.22 Indian Rupees (INR) per gram.

On a per-tola basis, Gold climbed from INR 144,051.10 a day earlier to INR 146,522.90.

Measurement Unit	Gold Rate in INR
1 Gram	12,562.22
10 Grams	125,619.60
Tola	146,522.90
Troy Ounce	390,716.60

To calculate Gold prices in India, FXStreet converts international prices using USD/INR and adjusts them to local measurement units. Daily updates reflect market rates prevailing at the time of publication. Prices are just for reference and local rates could diverge slightly.

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Common Questions About Gold

What makes Gold an investment choice?

Widely used both to preserve wealth and to facilitate exchange, Gold has occupied an important place throughout human history. 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 turmoil. Since it is not dependent on any particular issuer or government, Gold is also commonly viewed as protection against inflation and currency depreciation.

Which buyers hold the most Gold?

The largest holders of Gold are central banks. To shore up their currencies during unsettled periods, they typically spread their reserves across assets and purchase Gold, seeking to strengthen perceptions of their economies and currencies. Substantial Gold reserves can reinforce 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 year since records began has seen a larger purchase. Among emerging economies, China, India and Turkey are rapidly building their central bank Gold reserves.

How does Gold move relative to other assets?

Both major reserve assets and safe havens, the US Dollar and US Treasuries generally have an inverse relationship with Gold. A decline in the Dollar tends to lift Gold, allowing investors and central banks to diversify their holdings during turbulent periods. The metal also typically moves in the opposite direction to risk assets: stock market gains tend to put pressure on Gold prices, whereas selling in riskier markets tends to benefit the precious metal.

Which factors drive Gold prices?

Several factors can influence Gold prices. Its safe-haven appeal means geopolitical turmoil or concerns over a severe recession can trigger a rapid rise. Gold pays no yield, so lower interest rates tend to support it, while a higher cost of borrowing usually puts pressure on the yellow metal. Nevertheless, because Gold is quoted in dollars (XAU/USD), the behaviour of the US Dollar (USD) drives most price movements. Dollar strength tends to restrain Gold prices; a weaker Dollar, by contrast, is likely to lift them.

(An automation tool was used in creating this post.)