News report 🏭 Commodities 🌍 India

India Gold Price Slips to INR 11,970.11 Per Gram on Thursday

Gold prices in India edged lower on Thursday, with the price per gram settling at INR 11,970.11 as FXStreet data reflects adjustments from international market rates.

🕐 1 min read

1 assets impacted (Commodities). Net bias: 0 Bullish, 0 Bearish, 1 Neutral. Strongest signal: XAU → 1/10 (60% confidence).

📊 Affected Assets (1)

XAU
Neutral 🤖 60%
⚡ Intraday 🌍 IN · Explicit

Gold in India slipped only marginally, to INR 11,970.11 per gram from INR 12,002.76 the day before, roughly a 0.3% dip, and the article is a routine daily price quote rather than a market-moving event. The move reflects adaptation of international prices via USD/INR with no underlying catalyst given. Such small daily fluctuations carry no material signal for the coming days.

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🎯 Key Takeaways

  • Gold price per gram fell to INR 11,970.11 from INR 12,002.76 on Wednesday.
  • The price per tola decreased to INR 139,616.50 from the previous day's level of INR 139,997.80.
  • Gold prices in India are calculated by adapting international USD/INR rates to local currency and measurement units.

📝 Executive Summary

Gold prices in India saw a marginal decline on Thursday, with the price per gram falling to INR 11,970.11 from the previous day's INR 12,002.76. The price per tola also decreased to INR 139,616.50, down from INR 139,997.80 recorded on Wednesday.

❓ FAQ

Did gold prices in India change much today?

No. Gold fell slightly to INR 11,970.11 per gram from INR 12,002.76 on Wednesday, and to INR 139,616.50 per tola from INR 139,997.80, a change of well under 1%.