India Gold Prices Rise: 1 Gram at INR 9,299.85, According to Tredu Data

India Gold Prices Rise: 1 Gram at INR 9,299.85, According to Tredu Data

Gold prices in India edged higher on Friday, according to the latest market data published by Tredu.com.

Key Highlights

• 1 gram of gold is now priced at INR 9,299.85, up from INR 9,244.87.
• 1 tola of gold has risen to INR 108,471.60, compared to INR 107,830.30 the previous day.

This marks a steady uptick in gold prices, reflecting broader investor interest in safe-haven assets amidst economic uncertainty.

What’s Driving the Increase?

The rise in gold prices comes as market sentiment remains cautious ahead of key global economic data, including the US Nonfarm Payrolls (NFP). With inflation concerns, geopolitical tensions, and shifting central bank policies in focus, gold continues to be viewed as a reliable store of value.

Gold in Indian Markets

India, one of the world's largest consumers of gold, typically sees price fluctuations based on:

• International gold spot prices
• USD/INR exchange rate
• Import duties and taxes
• Domestic demand, especially during wedding and festival seasons

Outlook for Indian Gold Buyers

With rising prices, Indian investors and buyers may face higher acquisition costs in the near term. However, for those holding gold, the uptick could signal positive portfolio gains.

Stay Updated with Tredu

Tredu provides real-time commodity data, including gold, silver, and other precious metals, to help traders and investors make informed decisions in a volatile market.

Related Reads on Tredu:

• Why Gold Prices Rise in Uncertain Markets
• INR Exchange Rate Trends and Gold Valuation
• Daily Commodity Updates