Commodities
Indian Gold Prices Rise Amid Safe-Haven Demand
Gold prices in India rose on Thursday, according to FXStreet's data. The price of gold per gram stood at INR 13,226.30, up from INR 13,139.72 a day earlier.
The increase in gold prices is attributed to the precious metal's status as a safe-haven asset. Central banks have been buying gold to diversify their reserves and improve the perceived strength of their economies.
FXStreet calculates gold prices by adapting international prices (USD/INR) to local currency and measurement units. Prices are updated daily based on market rates at the time of publication.