Gold prices in India declined on Thursday, according to data compiled by FXStreet.
The price of gold stood at 8,165.30 Indian Rupees (INR) per gram, down from INR 8,178.09 the previous day. Similarly, the price for a tola of gold decreased to INR 95,238.45, compared to INR 95,387.63 on Wednesday.
Gold Price Breakdown
1 Gram: INR 8,165.30
10 Grams: INR 81,652.99
1 Tola: INR 95,238.45
1 Troy Ounce: INR 253,965.00
Market Digest: Gold Prices Weaken Amid Positive Risk Sentiment
Gold price movements have shown some uncertainty as investors remain cautious amid ongoing global trade tensions and a weakened U.S. dollar.
U.S. President Donald Trump’s new 25% tariffs on most imports from Mexico and Canada, along with an increase in duties on Chinese goods, came into effect earlier this week. In retaliation, Canada imposed tariffs on over $100 billion worth of U.S. products, and China introduced tariffs of up to 15% on several U.S. agricultural exports.
Trump’s comments about the potential for further “reciprocal tariffs” in April have raised concerns about a possible full-blown trade war, which could negatively impact U.S. economic growth. Investors are worried that these tensions might prompt the Federal Reserve to cut interest rates several times by the end of the year.
Adding to this uncertainty, the U.S. private sector added only 77,000 jobs in February, far below the expected 140,000, according to the Automatic Data Processing (ADP) report. Meanwhile, economic activity in the U.S. service sector continued to expand in February, though it failed to provide much support for the U.S. dollar.
The U.S. Dollar Index (DXY) dropped to its lowest level since December 2024, providing some support for gold prices during the Asian trading session on Thursday.
Additionally, the White House announced a one-month delay for U.S. automakers to comply with the new trade regulations under the U.S.-Mexico-Canada Agreement. This move is seen as a temporary easing of tensions, which, in turn, has increased investor appetite for riskier assets and held back significant bullish momentum in the gold market.
Investors are now awaiting the upcoming U.S. Nonfarm Payrolls report on Friday for more direction, with the usual Weekly Initial Jobless Claims data also in focus.
FXStreet calculates gold prices in India by adjusting international prices (USD/INR) to local currency and measurement units. Prices are updated daily based on market rates at the time of publication and serve as a reference, though local rates may vary slightly.
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