Gold Price in India Rises Today: Yellow Metal Climbs to 12,635.95 INR per Gram, Says FXStreet Data

Gold prices in India were recorded higher on Wednesday. According to data compiled by FXStreet, the price of gold rose to 12,635.95 Indian rupees per gram, up from 12,450.08 rupees the previous day. On a per-tola basis, prices also rose to 147,364.90 rupees from 145,215.30 rupees. The price update is based on market exchange rates at the time of publication and is for reference only.

**Indian gold prices track international market gains**

The rise in Indian gold prices largely followed the positive tone in international gold prices. The recent macro environment has continued to provide support for gold. Market news showed that the U.S. non-farm payroll data for July, released earlier, was unexpectedly weak, with job additions falling well short of expectations, which weighed on the U.S. dollar and Treasury yields while dampening market expectations for further Fed monetary policy tightening. Additionally, reports indicated that central banks in several countries significantly increased their gold holdings in July, marking the largest monthly purchase scale in months, which also boosted market sentiment.

**Spot gold maintains high-level consolidation pattern**

On the technical front, international spot gold is currently trading near $4,345.23 per ounce. Analysts noted that after breaking through key supply zones, the overall market structure for gold remains in a strong bullish trend. Although prices have entered overbought territory, the daily uptrend remains intact. The short-term bull-bear inflection point stands near $4,223.35, and as long as prices hold above this level, the bullish trend is expected to continue. Immediate resistance to the upside is seen at the recent high of $4,371.88.

**Gold's safe-haven and investment appeal**

As a traditional safe-haven asset, gold prices are driven by multiple factors. Geopolitical instability or recession fears tend to quickly push gold prices higher. Meanwhile, as a non-yielding asset, gold typically has a negative correlation with interest rates—when rates fall, gold becomes more attractive. Additionally, since gold is priced in U.S. dollars, the strength of the dollar is also a core variable influencing gold price movements. A strong dollar typically suppresses gold prices, and vice versa.