Gold Prices in India Steady on June 9, 2025
Overview of Current Gold Prices
As of June 9, 2025, gold prices in India have shown little variation compared to the previous trading day, according to data provided by FXStreet. The price for gold per gram is currently standing at 9,122.12 Indian Rupees (INR), slightly up from 9,119.14 INR recorded on Friday, June 6. Similarly, the price for gold per tola, a traditional measure in South Asia, has remained stable at 106,398.60 INR, compared to 106,363.90 INR on the previous day.
Breakdown of Gold Prices
For more clarity, here is a detailed breakdown of gold pricing per unit:
- Per Gram: 9,122.12 INR
- Per 10 Grams: 91,221.17 INR
- Per Tola: 106,398.60 INR
- Per Troy Ounce: 283,763.60 INR
These prices serve as a reference point and can vary slightly depending on the local market conditions.
Methodology for Pricing
FXStreet calculates gold prices in India by adjusting international prices (USD/INR exchange rate) to reflect local currency values and measurement units. The prices are updated daily and are influenced by the prevailing market rates at the time of publication. While these figures provide a general framework, consumers should be aware that local prices may fluctuate due to various factors.
Why People Invest in Gold
Gold has been a significant part of human history, valued for its aesthetic qualities and practical uses. Today, it is commonly viewed as a safe-haven asset, particularly during periods of economic uncertainty. Its attributes make it an attractive option for investors looking for stability amid market fluctuations. Furthermore, many see gold as a hedge against inflation and currency depreciation, essential during times of financial instability.
Central Banks and Gold Reserves
Interestingly, central banks represent the largest holders of gold, purchasing it to support their national currencies and ensure economic stability. According to the World Gold Council, central banks added approximately 1,136 tonnes of gold to their reserves in 2022, which amounted to around $70 billion, marking the highest yearly acquisition since records began. Notably, countries like China, India, and Turkey have been rapidly increasing their gold reserves as part of their monetary strategies.
Correlation with Other Assets
Gold tends to exhibit an inverse correlation with the U.S. Dollar and U.S. Treasuries, both regarded as major reserve and safe-haven assets. Typically, when the dollar weakens, gold prices rise, prompting investors to diversify their portfolios, particularly during turbulent economic times. Conversely, a strong stock market often leads to lower gold prices as investor focus shifts toward riskier assets.
Factors Influencing Gold Prices
The price of gold is influenced by a myriad of factors, including geopolitical tensions, interest rate movements, and fluctuations in the U.S. Dollar. Events that contribute to instability can quickly drive gold prices higher, reflecting its status as a reliable store of value. Additionally, as a non-yielding asset, gold prices are adversely affected by rising interest rates, which tend to decrease its appeal.
In conclusion, with gold prices largely stable in India on June 9, 2025, investors might find that now is an opportune moment to assess their portfolios or consider the precious metal as a hedge against economic uncertainty.
This article compiled by FXStreet Team contains market information for reference purposes. Readers are encouraged to conduct their research before making any investment decisions.
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