Gold Price in India Rises to 13,341.32 Rupees per Gram
The cost of gold in India increased by 100.97 rupees on Wednesday, reaching 13,341.32 INR per gram. The tola price also climbed to 155,611.10 INR, marking a distinct upward trend for the precious metal in the domestic market.
Gold prices in India closed higher on Wednesday. The value stood at 13,341.32 Indian Rupees per gram. This represents an increase from the previous day's rate of 13,240.35 INR. The data reflects a clear positive movement in the local market.
The price for one tola rose to 155,611.10 INR. The prior day’s tola price was 154,432.90 INR. This daily gain aligns with the broader increase seen in gram-based pricing. Investors tracked these figures as key indicators of market sentiment.
Daily price changes in key units
The troy ounce price reached 414,961.80 INR. The ten-gram unit cost 133,403.20 INR. These figures provide a comprehensive view of the metal's value across different measurement standards. The consistent rise across all units confirms the strength of the daily move.
Factors influencing local gold rates
FXStreet calculates these rates by adapting international USD/INR prices to local units. The data is updated daily based on market rates at publication. Local retail rates may diverge slightly from these reference figures. The source emphasizes that these numbers serve as a baseline for market tracking.
Gold serves as a safe-haven asset during economic uncertainty. It often acts as a hedge against inflation and currency depreciation. The metal does not rely on a specific government issuer. This characteristic drives demand from both retail investors and institutional buyers.
Global trends and central bank activity
Central banks remain the largest holders of gold. They purchase the metal to diversify reserves and support currency strength. In 2022, central banks added 1,136 tonnes to their holdings. This volume represented the highest annual purchase on record, according to the World Gold Council.
Emerging economies like China and India are increasing their reserves. Gold prices typically move inversely to the US dollar. A weaker dollar often pushes gold prices higher. Interest rate changes also influence the metal's appeal as a yield-less asset.
