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

출처 Fxstreet

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 9,218.86 Indian Rupees (INR) per gram, up compared with the INR 9,185.46 it cost on Tuesday.

The price for Gold increased to INR 107,528.10 per tola from INR 107,133.90 per tola a day earlier.

Unit measure Gold Price in INR
1 Gram 9,218.86
10 Grams 92,189.56
Tola 107,528.10
Troy Ounce 286,763.20

 

Daily Digest Market Movers: Gold price attracts safe-haven flows amid trade concerns

The US Bureau of Labor Statistics reported on Tuesday that the headline Consumer Price Index (CPI) increased the most in five months, by 0.3% in June, and the yearly rate accelerated to 2.7% from 2.4% in May. Meanwhile, the core gauge, which excludes fluctuating food and energy costs, rose 2.9% YoY from 2.8% in the previous month.

The data sparked concerns over the inflationary effects of US President Donald Trump's trade tariffs and reaffirmed bets that the Federal Reserve will keep rates higher for an extended period. This lifted the US Treasury bond yields higher and the US Dollar to its highest level since June 23, dragging the Gold price to a multi-day trough.

Boston Fed President Susan Collins noted that it is challenging to set monetary policy right now amid uncertainty, and a solid economy gives the US central bank time to decide its next interest rate move. Tariffs could boost inflation over the second half of 2025 and push core inflation to around 3% by year's end, Boston added further.

Separately, Dallas Fed President Lorie Logan said the base case is that monetary policy needs to hold tight for a while longer to bring inflation down. Logan added that tariff increases appear likely to create additional inflationary pressure for some time, and an early rate cut by the Fed risks deeper economic scars on a longer road to price stability.

Meanwhile, Trump said on Tuesday that 200% tariffs on pharmaceutical imports will come by the month-end. This comes on top of Trump's tariff notices to more than 20 countries and a 50% tariff on copper imports last week, which keeps investors on edge and assists the safe-haven precious metal to attract some dip-buying on Wednesday.

Traders now look forward to the release of the US Producer Price Index due later during the North American session. Apart from this, comments from influential FOMC members will drive the USD and provide a fresh impetus to the XAU/USD pair. The mixed fundamental backdrop, meanwhile, warrants caution for aggressive traders.

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.)

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
DeFi 이용자, 샌드위치 공격으로 70만 달러 이상 USDC 손실… 전문가들, 자금 세탁 가능성 제기한 DeFi 트레이더, 유니스왑 v3 프로토콜에서 샌드위치 공격으로 70만 달러 이상의 스테이블코인을 잃으며 암호화폐 커뮤니티에서 화제.
저자  FXStreet
3 월 13 일 목요일
한 DeFi 트레이더, 유니스왑 v3 프로토콜에서 샌드위치 공격으로 70만 달러 이상의 스테이블코인을 잃으며 암호화폐 커뮤니티에서 화제.
placeholder
제미니, SEC 비공개 서류 제출…IPO 추진 시사암호화폐 거래소 제미니(Gemini)는 금요일, 클래스 A 보통주의 기업공개(IPO)를 추진하기 위해 미국 증권거래위원회(SEC)에 비공개 방식으로 신고서를 제출했다.
저자  FXStreet
6 월 09 일 월요일
암호화폐 거래소 제미니(Gemini)는 금요일, 클래스 A 보통주의 기업공개(IPO)를 추진하기 위해 미국 증권거래위원회(SEC)에 비공개 방식으로 신고서를 제출했다.
placeholder
비트코인·이더리움·리플 가격 전망 ‑ BTC·XRP 사상 최고치 근접, ETH는 4,000달러 눈앞비트코인(BTC)과 리플(XRP)이 각자 사상 최고치에 바짝 다가선 가운데, 이더리움(ETH)은 핵심 심리적 저항선인 4,000달러를 향해 꾸준히 상승 중이다.
저자  FXStreet
7 월 23 일 수요일
비트코인(BTC)과 리플(XRP)이 각자 사상 최고치에 바짝 다가선 가운데, 이더리움(ETH)은 핵심 심리적 저항선인 4,000달러를 향해 꾸준히 상승 중이다.
placeholder
이더리움 가격 전망: ETF 순유입 40억 달러 돌파, 8월 고래 144만 ETH 매집이더리움(ETH)은 최근 며칠간 기관·고래의 꾸준한 매집에도 목요일 4,500달러 부근에서 보합권을 유지했다.
저자  FXStreet
8 월 29 일 금요일
이더리움(ETH)은 최근 며칠간 기관·고래의 꾸준한 매집에도 목요일 4,500달러 부근에서 보합권을 유지했다.
placeholder
톱 3 가격 전망: 비트코인·이더리움·리플 – BTC·ETH·XRP, 최근 매도세 후 보합권 유지비트코인(BTC), 이더리움(ETH), 리플(XRP)은 이번 주 각각 약 2%, 7%, 3% 하락 후 금요일 핵심 지지선 부근에서 안정세를 보이고 있다. 주요 지지선에서의 매수 유입은 상단 반등 가능성을 시사하지만, 전체 시장 심리가 취약해 거래자들의 경계감은 여전하다.
저자  FXStreet
8 월 29 일 금요일
비트코인(BTC), 이더리움(ETH), 리플(XRP)은 이번 주 각각 약 2%, 7%, 3% 하락 후 금요일 핵심 지지선 부근에서 안정세를 보이고 있다. 주요 지지선에서의 매수 유입은 상단 반등 가능성을 시사하지만, 전체 시장 심리가 취약해 거래자들의 경계감은 여전하다.
goTop
quote