Gold prices in India rose on Monday, according to FXStreet data. Gold was priced at INR 15,084.29 per gram, up from INR 14,895.78 on Friday.
Gold rose to INR 175,940.20 per tola from INR 173,741.40 per tola. Other listed prices were INR 150,842.90 for 10 grams and INR 469,174.20 per troy ounce.
How Fxstreet Calculates Indian Gold Prices
FXStreet calculates Indian gold prices by converting international gold prices using the USD/INR exchange rate and local units. Prices are updated daily at the time of publication and are for reference only, since local rates may differ slightly.
Central banks hold the largest gold reserves. They added 1,136 tonnes of gold worth about $70 billion in 2022, according to the World Gold Council. This was the highest yearly total since records began.
Gold often moves in the opposite direction to the US Dollar and US Treasuries. Prices can also change with geopolitical tension, recession fears, interest rates, and shifts in the XAU/USD exchange rate.
Many investors see gold as a key safe-haven asset during uncertain times. Because gold does not pay interest, it tends to look more attractive when interest rates are expected to fall. Recent price action suggests markets expect the Federal Reserve to move toward easier policy later this year.
Rates Inflation And What Traders Are Watching
High interest rates shaped monetary policy throughout 2025, as inflation stayed above target. By late January 2026, U.S. inflation was just under 3%. That makes the Fed’s next rate decision the key issue for markets. Derivatives traders are watching closely for signs of rate cuts, which could weaken the dollar and lift gold prices.
Another major support for gold has been steady buying by central banks. After the record purchases in 2022 and 2023, World Gold Council data shows central banks added more than 800 tonnes in 2025. This ongoing demand, especially from emerging economies, has helped put a firm floor under gold prices and limited sharp declines.
The inverse link between gold and the US Dollar remains important. The US Dollar Index (DXY) has started to soften this year after a strong 2025. If the dollar keeps falling on expectations of Fed rate cuts, it would likely support higher gold prices.
Geopolitical risk also matters, keeping gold’s safe-haven appeal in focus. Ongoing tensions and uncertainty about global growth are pushing some investors toward safer assets. This risk-off mood often helps gold and can weigh on equities.
With these forces coming together, derivatives traders may look at strategies that could benefit from higher prices and greater volatility. Buying call options or using bull call spreads can provide upside exposure with defined risk. Selling out-of-the-money put options is another approach for traders who believe central-bank buying will continue to support prices.
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