Gold Prices See Uptick in India on Monday
Gold prices in India experienced an increase on Monday, as reported by data compiled by FXStreet. The price per gram of gold rose to 9,426.44 Indian Rupees (INR), marking a rise from the 9,373.18 INR recorded on the previous Friday. Similarly, the price per tola increased to 109,951.10 INR from 109,325.70 INR on Friday.
Detailed Price Breakdown
The current gold prices in India, according to the latest market data, are as follows:
- 1 Gram: 9,426.44 INR
- 10 Grams: 94,266.89 INR
- Tola: 109,951.10 INR
- Troy Ounce: 293,199.50 INR
These figures reflect the daily updates based on international gold prices adjusted for the USD/INR exchange rate and local measurement units. It is important to note that while these prices serve as a reference, actual local rates may vary slightly depending on market conditions at the time of transaction.
How FXStreet Calculates Gold Prices in India
FXStreet derives gold prices in India by converting international gold prices, quoted in US dollars, into Indian Rupees using the prevailing USD/INR exchange rate. This conversion is then adapted to local units such as grams and tolas, which are commonly used in the Indian market. The prices are refreshed daily to reflect the latest market movements, ensuring that investors and consumers have access to up-to-date information.
Gold as a Strategic Investment
Gold has historically been a significant asset, valued not only for its ornamental appeal but also as a reliable store of value. Beyond its use in jewelry, gold is widely regarded as a safe-haven asset, especially during periods of economic uncertainty or market volatility. Investors often turn to gold to protect their wealth against inflation and currency depreciation, as it is not tied to any single government or issuer.
Central Banks and Gold Reserves
Central banks are among the largest holders of gold globally. They accumulate gold reserves to diversify their assets and bolster confidence in their national currencies during turbulent economic times. High gold reserves are often perceived as a sign of economic stability and creditworthiness.
In 2022, central banks worldwide added approximately 1,136 tonnes of gold to their reserves, valued at around $70 billion. This marked the highest annual purchase volume on record. Emerging economies such as China, India, and Turkey have been particularly active in increasing their gold holdings, reflecting a strategic move to strengthen their financial positions.
Gold’s Relationship with Other Assets
Gold typically exhibits an inverse correlation with the US Dollar and US Treasury securities. When the dollar weakens or treasury yields fall, gold prices tend to rise, as investors seek alternative stores of value. This dynamic makes gold an important component in diversified investment portfolios, especially during times of monetary policy shifts or geopolitical tensions.
Looking Ahead: Gold Price Forecasts for 2025
Market analysts and financial institutions continue to monitor gold prices closely, providing forecasts to guide investors. FXStreet offers a comprehensive 2025 Gold Forecast Guide available for download, which compiles expert insights and market trends to help stakeholders make informed decisions.
As gold remains a cornerstone of wealth preservation and risk management, its price movements in India and globally will continue to attract significant attention from investors, policymakers, and consumers alike.
