Gold Prices Rise in India Amid Global Market Developments

Gold prices in India rose on Wednesday, according to data from FXStreet, with 24K gold trading at ₹9,179.94 per gram, up from ₹9,132.11 on Tuesday. The price per tola also climbed, reaching ₹107,073.10 from ₹106,515.10 the previous day.

Here’s a quick breakdown of current gold rates in India:

1 Gram: ₹9,179.94

10 Grams: ₹91,798.06

1 Tola: ₹107,073.10

1 Troy Ounce: ₹285,534.30

The uptick in gold prices follows multiple global triggers. Geopolitical tensions remain high, with ongoing conflict in Ukraine and persistent airstrikes in Gaza. These developments have driven investors toward safe-haven assets like gold.

In the U.S., a federal court ruling in favor of former President Donald Trump’s “Liberation Day” tariffs and progress in U.S.–China trade negotiations are also influencing market sentiment. The U.S. Dollar has remained relatively stable, with traders eyeing upcoming inflation data (CPI and PPI) to gauge the Federal Reserve’s rate-cut trajectory.

Additionally, last week’s strong U.S. jobs data has dampened expectations of an immediate rate cut, although markets still anticipate two reductions before the end of the year.

FXStreet calculates Indian gold prices based on international market rates and the USD/INR exchange rate. Prices may vary slightly from those in local markets.

Gold remains a preferred hedge against inflation and geopolitical uncertainty, solidifying its appeal as a safe-haven investment amid ongoing global risks.