Gold prices in India edged lower on Thursday, reflecting mild volatility in the global precious metals market. According to data from FXStreet, the price of gold dropped to ₹9,001.15 per gram, down from ₹9,038.44 recorded on Wednesday.
The downward trend was also observed across other standard measurement units. The price of gold per tola — a traditional South Asian unit commonly used in bullion trading — fell to ₹104,990.70, compared to ₹105,422.60 in the previous session.
Gold prices across various standard units now stand as follows:
-
1 gram: ₹9,001.15
-
10 grams: ₹90,014.09
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1 tola: ₹104,990.70
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1 troy ounce: ₹279,967.20
The modest decline in domestic gold prices is largely attributed to shifts in international market sentiment, driven by factors such as interest rate expectations, dollar strength, and geopolitical developments. Gold, often seen as a safe-haven asset, tends to react to macroeconomic indicators and central bank policies, which affect investor demand and pricing.
In India, local gold prices are also influenced by currency exchange rates and import duties, given the country’s reliance on gold imports. With the rupee showing relative stability in recent sessions, minor changes in international pricing have a direct impact on retail rates.
Gold remains an integral part of Indian culture and investment portfolios, with demand typically spiking during wedding seasons and major festivals. Analysts are keeping a close eye on upcoming economic data and U.S. Federal Reserve signals, which could further influence bullion prices in the coming weeks.
For now, Indian consumers and traders are witnessing a slight respite from the recent highs, although prices remain historically elevated.
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