Gold prices rose in India on Thursday, according to FXStreet data. Gold was priced at INR 15,217.13 per gram, up from INR 15,092.72 on Wednesday.
The price per tola increased to INR 177,489.60 from INR 176,038.50 a day earlier. Other listed rates were INR 152,171.30 for 10 grams and INR 473,306.00 per troy ounce.
How FXStreet Calculates Indian Gold Prices
FXStreet calculates Indian gold prices by converting international prices using USD/INR, then applying local measurement units. The figures are updated daily at the time of publication and are for reference only. Local rates may differ slightly.
Central banks hold more gold than any other group. According to the World Gold Council, they added 1,136 tonnes—worth about $70 billion—to reserves in 2022. That was the biggest annual purchase since records began.
Gold often moves in the opposite direction of the US Dollar and US Treasuries. It may also move against risk assets. Key influences include interest rates, recession worries, and geopolitical instability.
The post says an automation tool was used to create it.
Key Drivers Traders Are Watching
Gold prices are rising, which fits its long-standing role as a hedge during uncertain times. This move is being helped by a US Dollar that has eased from the highs of the past year. Derivatives traders should keep this inverse relationship in mind as a useful signal going forward.
Markets are also responding to expectations that the US Federal Reserve will cut interest rates later this year. After the sharp rate hikes of 2023 and 2024, the tightening cycle now appears to be ending. That can make a non-yielding asset like gold more appealing. CME FedWatch Tool data currently points to a 70% chance of at least two rate cuts before 2027, showing a meaningful shift in expectations.
Central-bank demand remains strong as well. After the record buying in 2022, the World Gold Council reports that central banks bought more than 1,000 tonnes per year in both 2023 and 2024, and other reports indicate the trend continued through 2025. This steady demand can help support gold prices over the long term.
Global growth is also showing signs of slowing. Recent IMF forecasts were revised lower for the second half of 2026. The risk of slower growth, combined with ongoing geopolitical tensions, increases gold’s safe-haven appeal. A similar pattern played out in 2025, when stock-market volatility pushed more investors toward gold.
With these factors in mind, some traders may look at long positions using futures to benefit from further upside. Options traders might consider buying call options or using bull call spreads to limit risk while positioning for higher prices. It is also worth watching volatility, as rising volatility can signal stronger market conviction.
Create your live VT Markets account and start trading now.
here to set up a live account on VT Markets now
