India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Gold prices dropped in India on Monday, according to FXStreet data. The price per gram of gold was INR 13,350.23, a decrease from INR 13,453.66 on Friday. The cost per tola fell to INR 155,718.30 from INR 156,920.90 the previous day. FXStreet determines Indian gold prices by converting international prices (USD/INR) to local currency and units, updating daily based on market rates.
Gold has historically been used as a store of value and medium of exchange, and is now often seen as a safe-haven asset during turbulent times. Central banks, particularly in emerging economies like China, India, and Turkey, have been rapidly increasing their gold reserves. Gold's price moves are influenced by factors such as the US Dollar, US Treasuries, risk assets, geopolitical instability, interest rates, and global oil prices.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 5 other outlets
- Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus myjoyonline.com
- Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus thehindubusinessline.com
- Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus brecorder.com
- Gold little changed as markets await key US inflation data nst.com.my
- Gold prices steady as markets await US inflation data english.ajel.sa
