Gold prices in India fell on Monday, according to FXStreet data, with the price per gram dropping to 12,319.05 Indian Rupees (INR) from 12,401.28 INR on Friday [1]. Similarly, the price per tola decreased to 143,687.00 INR from 144,646.10 INR in the previous session [1]. The price for 10 grams was reported at 123,188.70 INR, and for a troy ounce, it stood at 383,160.90 INR [1].
FXStreet notes that gold prices in India are calculated by adapting international prices (USD/INR) to local currency and measurement units, with daily updates based on market rates at the time of publication [1]. The article highlights that local rates may diverge slightly from these reference prices [1].
No specific market reactions or analyst opinions regarding the price movement were mentioned in the article. The broader context provided explains that gold is widely seen as a safe-haven asset and a hedge against inflation, with central banks—especially from emerging economies like China, India, and Turkey—being significant buyers [1]. However, these details are general background and not directly tied to the day's price movement.
No forward-looking statements or analyst forecasts were provided in the article [1].
CONCLUSION
Gold prices in India experienced a decline compared to the previous session, as reported by FXStreet. The article provides updated price data but does not discuss market reactions or future outlook, focusing instead on general factors influencing gold prices.