Gold Price in Indian Rupee (INR)
Real-time gold price in Indian Rupee (INR): live XAU/INR spot from LBMA via Swissquote, gram and ounce conversion, market drivers. Updated every minute • 2026-06-02.
- Updated
- Real-time LBMA & ECN data
- AI-curated from 50+ feeds
As of October 26, 2023, the gold price in Indian Rupees is influenced by global trends and the INR's exchange rate. One troy ounce (31.1035 g) is a standard measure. Current rates reflect international market dynamics, with data sourced from LBMA via Swissquote ECN.
31.1035Key Facts
- Currency
- Indian Rupee (INR, ₹)
- Region
- Asia
- Quote symbol
- XAU/INR
- Unit basis
- 1 troy ounce = 31.1035 g
- Source
- LBMA AM/PM fix via Swissquote ECN
- Last refresh
- 2026-06-02
What this means
The Indian Rupee's value significantly impacts gold prices for domestic buyers. A weaker INR typically makes gold more expensive, as more rupees are needed to purchase an ounce priced in USD. Conversely, a stronger rupee can lead to lower gold prices in INR terms.
Cultural significance plays a role; gold is deeply embedded in Indian traditions, driving consistent demand. This inherent demand, coupled with currency fluctuations, creates a unique dynamic where local sentiment can sometimes diverge from global price movements.
India's status as a major gold consumer means its import duties and government policies can also affect the INR gold price. These domestic factors, combined with international market forces, contribute to the complex pricing structure seen in the Indian market.
INR Volatility and Gold Costs. Fluctuations in the Indian Rupee against the US Dollar are a primary driver of domestic gold price changes. When the INR depreciates, the cost of imported gold rises, directly increasing the price per 10 grams or per troy ounce in rupees.
Import Duties and Taxes Impact. The Indian government levies import duties on gold. Changes to these duties, alongside Goods and Services Tax (GST), can create a significant spread between the international spot price and the retail price in India, affecting the final INR cost.
Seasonal Demand vs. Currency. While global gold prices are influenced by factors like interest rates and geopolitical events, Indian gold prices are also heavily shaped by seasonal demand, particularly during wedding seasons and festivals like Diwali. This can create price premiums or discounts irrespective of the INR's immediate movement.
Frequently Asked Questions
How does the Indian Rupee's exchange rate affect gold prices in India?
A weaker Indian Rupee (INR) generally leads to higher gold prices in India because gold is typically priced in US Dollars internationally. More rupees are needed to buy the same amount of gold, increasing the domestic price.Are Indian gold prices directly linked to the US Dollar gold price?
Yes, Indian gold prices are closely linked to the US Dollar gold price, but they are also adjusted for the current INR to USD exchange rate, import duties, and local market demand/supply dynamics.What is the standard unit for gold pricing in India?
While international markets use troy ounces, in India, gold is commonly priced per 10 grams (tola) or per gram for retail transactions. The price per troy ounce (31.1035 grams) is also tracked for global comparison.How do import duties influence the gold price in INR?
Import duties and GST add to the landed cost of gold in India. An increase in these taxes directly raises the final price of gold in Indian Rupees, making it more expensive for consumers.