Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 6,247.90 India n Rupees per gram, up INR 7.78 compared with the INR 6,240.12 it cost on Tuesday. The price for Gold increased to INR 72,874.29 per tola from INR 72,783.58 per tola. Unit measure Gold Price in INR 1 Gram 6,247.90 10 Grams 62,479.28 Tola 72,874.29 Troy Ounce 194,331.60 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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