Gold price in India: Rates on June 19
The post Gold price in India: Rates on June 19 appeared on BitcoinEthereumNews.com. Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,388.38 Indian Rupees (INR) per gram, up compared with the INR 9,376.56 it cost on Wednesday. The price for Gold increased to INR 109,504.20 per tola from INR 109,366.40 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,388.38 10 Grams 93,883.78 Tola 109,504.20 Troy Ounce 292,011.40 Daily Digest Market Movers: Gold price struggles to lure buyers amid mixed fundamental cues US President Donald Trump held a Situation Room meeting Wednesday afternoon to discuss options in the Israel-Iran conflict. Media reports suggest that Trump has approved attack plans, though he wants to make sure that such an attack on Iran is really needed and that it wouldn’t drag the US into a prolonged war in the Middle East. As the Israel-Iran conflict enters its seventh day, the Israel Defense Forces (IDF) warned residents of the cities of Arak and Khondab in central Iran to evacuate for their safety as it is operating in the area against Iranian military infrastructure. This raises the risk of an all-out war in the Middle East and weighs on investors’ sentiment. Meanwhile, Trump earlier this week said that tariffs on the pharma sector are coming soon. This adds a layer of uncertainty in the markets ahead of the July 9 deadline for higher reciprocal US tariffs and lends some support to the safe-haven Gold price, though some follow-through US Dollar buying keeps a lid on any meaningful appreciation. The Federal Reserve, as was widely expected, kept interest rates steady amid concern that the Trump administration’s tariffs could push up consumer prices. In the so-called dot plot, the committee projected two rate cuts by the end of 2025, though policymakers forecasted only…
The post Gold price in India: Rates on June 19 appeared on BitcoinEthereumNews.com.
Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,388.38 Indian Rupees (INR) per gram, up compared with the INR 9,376.56 it cost on Wednesday. The price for Gold increased to INR 109,504.20 per tola from INR 109,366.40 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,388.38 10 Grams 93,883.78 Tola 109,504.20 Troy Ounce 292,011.40 Daily Digest Market Movers: Gold price struggles to lure buyers amid mixed fundamental cues US President Donald Trump held a Situation Room meeting Wednesday afternoon to discuss options in the Israel-Iran conflict. Media reports suggest that Trump has approved attack plans, though he wants to make sure that such an attack on Iran is really needed and that it wouldn’t drag the US into a prolonged war in the Middle East. As the Israel-Iran conflict enters its seventh day, the Israel Defense Forces (IDF) warned residents of the cities of Arak and Khondab in central Iran to evacuate for their safety as it is operating in the area against Iranian military infrastructure. This raises the risk of an all-out war in the Middle East and weighs on investors’ sentiment. Meanwhile, Trump earlier this week said that tariffs on the pharma sector are coming soon. This adds a layer of uncertainty in the markets ahead of the July 9 deadline for higher reciprocal US tariffs and lends some support to the safe-haven Gold price, though some follow-through US Dollar buying keeps a lid on any meaningful appreciation. The Federal Reserve, as was widely expected, kept interest rates steady amid concern that the Trump administration’s tariffs could push up consumer prices. In the so-called dot plot, the committee projected two rate cuts by the end of 2025, though policymakers forecasted only…
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