Gold prices fell to India on Thursday, according to data compiled by FXSTRETEIVE.
The price for gold stands at 8,779.31 Indian Rupees (INR) per gram, down compared to the INR 8,953.37 its cost on Wednesday.
The price for gold is reduced to INR 102,403.20 per tola from INR 104,430.40 per tola a day before.
| Proposal unit | Price of gold in INR |
|---|---|
| 1 gram | 8,779.31 |
| 10 grams | 87,796.08 |
| Tola | 102,403.20 |
| Troy ounce | 273,068.10 |
Daily Digest Market Movers: Gold price is forced by shrinking safely demanding and a moderate USD uptick
-
U.S. President Donald Trump said this Thursday there is a “great possibility that we will reach a deal with China” and added that we have a “potential” trade deal in India, South Korea and Japan. Comments add to recently optimizing and further strengthening investors' confidence.
-
The US dollar ticks higher in reaction to Trump's statements and dragged the safe gold price lower for the third consecutive day on Thursday. A breakdown below the $ 3,265- $ 3,260 pivotal support motivates the technical sale and further contributes to the fall of the intraday to a two-week low.
-
Automatic data processing (ADP) reported on Wednesday that the private sector of work rose 62K in April. It was marked by a well -known decline from the increase of 147K (modified from 155k) recorded in March and also unable to hope the market for a 108,000 reading through a wide margin.
-
Adding to this, the Bureau of Economic Analysis estimate, the US economy contracted at an annual rate of 0.3% in the first quarter of 2025 after growing at a steady speed of 2.4% in the previous quarter. The data, in turn, changes concerns about a backwardness to us.
-
Meanwhile. Moreover, the main PCE price index, which does not include a change of food and energy prices, increased by 2.6% compared to 3% in February, which teaches in avoiding inflationary pressure.
-
US MacRO's depressing data again testifies that federal reserves will continue its cutting rate in June. Entrepreneurs have priced the possibility that the US central bank will lower the costs of borrowing by 100 basic points by the end of the year. It should cap the USD and support non-harvest yellow metal.
-
On the geopolitical front, Kremlin spokesman Dmitry Peskov said Wednesday that Russia could move for war on a scale comparable to the Soviet Union in World War II if necessary. In addition, a Russian drone attack killed two civilians and injured five others in southern Ukraine.
-
It can further contribute to limiting the losses for the XAU/USD pair. Entrepreneurs are now looking forward to the major releases of the US macro – the ISM Manufacturing PMI later this Thursday and the Nonfarm Payroll report on Friday. Data will provide clues about the Fed rate cutting path and influence the commodity.
FXStreet calculates gold prices in India by adapting international prices (USD/INR) to local currency and measurement units. Prices are updated day -day based on market rates taken at the time of publication. Prices are only for reference and local rates may vary.
Gold FAQs
Gold plays an important role in human history because it is widely used as a store of value and exchange medium. Currently, in addition to its brightness and use for jewelry, precious metal is widely seen as a safe property, which means it is considered a good investment during the chaotic period. Gold is widely seen as a fence against inflation and against the removal of money because it does not rely on any specific or government.
Central banks are the largest gold holder. With their goal to support their money in chaotic hours, the middle banks tend to vary their reserves and buy gold to improve the noticeable economic strength and the money. High gold reserves can be the source of trust for the solvency of a country. Central Banks added 1,136 tons of gold worth $ 70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest annual purchase since the notes began. Middle banks from emerging economies such as China, India and Turkey are rapidly increasing their gold reserves.
Gold has an opposite correlation with the US and US Treasury dollars, which is both major reserve and safe properties. When the dollar reduces, gold tends to rise, enabling investors and middle banks to vary their properties in turbulent times. Gold is also inversely linked to risk ownership. A rally in the stock market tends to weaken the price of gold, while sellers in the risk markets tend to favor precious metal.
The price can be moved due to a wide range of factors. Geopolitical instability or fear of a deep recession can rapidly increase the price of gold due to the status of the safe haven. As a small yield property, gold tends to rise with lower interest rates, while the higher cost of money usually weighs yellow metal. However, most moves depend on how the US dollar (USD) acts as the property is priced at the dollar (XAU/USD). A strong dollar tends to maintain the price of gold controlled, while a weaker dollar is likely to push gold prices.
(An automation tool has been used in the creation of this post.)
