India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
The price for Gold stood at 10,385.05 Indian Rupees (INR) per gram, up compared with the INR 10,343.80 it cost on Thursday.
The price for Gold increased to INR 121,129.20 per tola from INR 120,648.10 per tola a day earlier.
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 10,385.05 |
| 10 Grams | 103,850.50 |
| Tola | 121,129.20 |
| Troy Ounce | 323,009.80 |
Daily market movers: Gold remains heavy as US Dollar strengthens
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US Initial Jobless Claims for the week ending September 13 came in at 231K, below forecasts of 240K and the previous week's upwardly revised 264K. Continuing Claims dipped from 1.939 million to 1.92 million
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The Philadelphia Fed Manufacturing Index in September reached 23.2 from August’s -0.3 contraction, exceeding forecasts for a 2.3 improvement. The Philadelphia Fed survey revealed that “Almost 40 percent of the firms reported increases in general activity this month, while 17 percent reported decreases; 43 percent reported no change. The new orders index rose 14 points to 12.4 this month, and the shipments index rose 22 points to 26.1.”
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Regarding inflation, the central bank said that it has moved up, remaining “somewhat elevated.” The Fed noted that economic growth has moderated over the first half of 2025.
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Meanwhile, the Summary of Economic Projections (SEP) revealed that 50 bps of cuts are expected toward the year’s end as the median estimate for the fed funds rate was 3.60%.
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Fed Chair Jerome Powell said that labor demand “has softened,” and that inflation remained “somewhat elevated.” He added that the balance of risks “shifted,” that policy is well-positioned to respond in a timely manner and that the labor market is not solid. When asked about discussions about a 50 bps cut, he said “No widespread support for 50 bps cut today,” adding that they are not in a rush to ease policy.
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The US Dollar Index (DXY), which tracks the buck’s performance against a basket of six currencies, is up 0.32% at 97.31.
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US Treasury yields are rising steadily with the 10-year Treasury note up one-and-a-half bps at 4.102%. US real yields surged almost two bps to 1.722% at the time of writing.
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.)
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