Gold prices rose in India on Monday, according to data compiled by FXStreet.
The price for Gold stood at 6,159.77 India n Rupees per gram, up INR 1.58 compared with the INR 6,158.18 it cost on Friday. The price for Gold increased to INR 71,846.33 per tola from INR 71,827.84 per tola. Unit measure Gold Price in INR 1 Gram 6,159.77 10 Grams 61,598.49 Tola 71,846.33 Troy Ounce 191,592.00 FXStreet calculates Gold prices in India by adapting international prices to the local currency and measurement units.
Hence, investors will look for fresh signals on when the Fed will begin cutting interest rates amid the still resilient US economy, which will play a key role in determining the next leg of a directional move for the commodity. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange.
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