Gold prices in India saw an increase on Tuesday, March 25, according to data from FXStreet. The price of gold rose to 8,308.49 Indian Rupees (INR) per gram, up from 8,297.47 INR on Monday. This marked a noticeable increase in the precious metal’s value.
The price of gold per tola also rose, moving from 96,780.01 INR to 96,908.57 INR. The rise in prices has sparked interest among traders and investors alike, with some speculating about further price fluctuations in the coming days.
Gold Price Breakdown (in INR)
1 Gram: 8,308.49 INR
10 Grams: 83,081.97 INR
1 Tola: 96,908.57 INR
1 Troy Ounce: 258,422.60 INR
Market Movers and Economic Developments
In global markets, a few significant developments are affecting gold prices and investor sentiment. Johannesburg-based Gold Fields proposed a non-binding offer to acquire Perth-based Gold Road Resources for 3.05 Australian Dollars (AUD) per share. The offer, valuing Gold Road Resources’ equity at 3.3 billion AUD, was rejected by the latter’s board, as reported by Bloomberg.
Meanwhile, Chinese metals producer Zijin Mining Group Co. saw a 5% increase in shares following a record profit, driven by rising gold and copper prices. The company highlighted the impact of heightened global economic and geopolitical risks, along with tariffs, which are contributing to market uncertainty. Zijin’s net income surged by 52% last year, and the company anticipates that rising demand for Gold Exchange Traded Funds (ETFs) and central bank purchases will continue to drive bullion prices higher.
In the US, officials are preparing to introduce targeted tariffs on April 2, which have raised concerns among traders, especially with warnings from Chinese and Australian officials about potential shocks to the global economy due to US trade policies, according to Bloomberg.
As global factors continue to influence the price of gold, investors will be closely monitoring developments in both the commodities markets and international trade policies.
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