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India Gold price today: Gold falls, according to FXStreet data
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FXStreet Forex & Commodities News
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Unit measure Gold Price in INR 1 Gram 15,451.65 10 Grams 154,523.30 Tola 180,233.00 Troy Ounce 480,614.30FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units.
Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status.
A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.