Gold prices fell in India on Friday, according to data compiled by FXStreet.
The price for Gold stood at 6,372.52 India n Rupees per gram, down INR 0.30 compared with the INR 6,372.81 it cost on Thursday. The price for Gold decreased to INR 74,328.73 per tola from INR 74,331.23 per tola. Unit measure Gold Price in INR 1 Gram 6,372.52 10 Grams 63,726.25 Tola 74,328.73 Troy Ounce 198,207.60 FXStreet calculates Gold prices in India by adapting international prices to the local currency and measurement units.
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. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
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