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

Gold prices surged in India on Thursday, according to FXStreet reports. The cost of Gold stood at INR 13,476.27 per gram, marking an increase from INR 13,328.04 the previous day. The price per tola rose to INR 157,184.50, up from INR 155,455.60. FXStreet calculates Gold prices in India by converting international prices (USD/INR) to the local currency and measurement units.

Prices are updated daily based on market rates taken at publication. Gold has been a store of value and medium of exchange throughout history, often viewed as a safe-haven asset during turbulent times. It is also considered a hedge against inflation and currency depreciation, as it is not tied to any specific issuer or government.

Central banks, the largest Gold holders, added a record 1,136 tonnes of Gold to reserves in 2022, according to the World Gold Council. Gold's price is inversely correlated with the US Dollar and US Treasuries, and moves due to various factors such as geopolitical instability, interest rates, and the US Dollar's performance.