As India enters the new fiscal year (FY 2025-2026), gold prices have risen sharply, marking a 32% gain for FY 2024-2025. The enduring appetite for the precious metal is driven by growing speculation that prices could reach INR 1 lakh per 10 grams in FY 2026.
The surge in gold prices is being fueled by several factors, including increased central bank purchases and rising geopolitical tensions, particularly the ongoing trade war exacerbated by former U.S. President Donald Trump’s aggressive tariff policies. Gold continues to be a safe-haven asset, sought after by investors in times of uncertainty.
As of Tuesday, the price of gold stands at INR 8,647.24 per gram, up from INR 8,586.34 the previous day. In terms of tola, the price has also risen to INR 100,859.70, compared to INR 100,149.40 a day earlier.
Here are the latest gold prices in India:
1 Gram: INR 8,647.24
10 Grams: INR 86,472.42
Tola: INR 100,859.70
Troy Ounce: INR 268,959.50
With no sign of demand slowing down, experts predict that gold may continue to climb, buoyed by both domestic and global factors.
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