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Home Gold Prices Gold Prices Rise in India Amid Global Economic Uncertainty (August 5)

Gold Prices Rise in India Amid Global Economic Uncertainty (August 5)

by anna

Gold prices in India experienced an uptick, reflecting global economic uncertainty and heightened demand for safe-haven assets. As of Monday, the price of gold per gram rose to INR 6,597.71, up from INR 6,583.64 on Friday.

Similarly, the price per tola (a traditional South Asian unit of mass, approximately 11.66 grams) increased to INR 76,958.77, compared to INR 76,790.30 at the end of the previous week.

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Current Gold Prices in Indian Rupees (INR):

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1 Gram: INR 6,597.71

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10 Grams: INR 65,977.62

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1 Tola: INR 76,958.77

1 Troy Ounce: INR 205,200.90

This rise in gold prices is influenced by several factors, including global market trends, currency fluctuations, and geopolitical tensions. Investors often turn to gold as a hedge against economic instability and inflation, driving up demand and prices. The increase in gold prices per tola and per gram highlights the metal’s ongoing appeal as a reliable investment in uncertain times.

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