The post Gold price in India: Rates on June 6 appeared on BitcoinEthereumNews.com.

Gold prices rose in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 9,299.85 Indian Rupees (INR) per gram, up compared with the INR 9,244.87 it cost on Thursday. The price for Gold increased to INR 108,471.60 per tola from INR 107,830.30 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,299.85 10 Grams 92,996.99 Tola 108,471.60 Troy Ounce 289,257.90   Daily digest market movers: Gold sinks on market mood improvement, high US yields Gold price dives as Wall Street registers modest gains at the time of writing. Also, a spike in US Treasury yields weighed on the non-yielding metal, which is set to reverse Wednesday’s gains. Despite this, Gold, usually a safe-haven asset during times of political and economic uncertainty, is up around 29% this year. The US 10-year Treasury yield rises 4.5 basis points to 4.377%. US real yields have followed suit and are also up two basis points at 2.065%, a headwind for Bullion prices. Initial Jobless Claims for the week ending May 31 increased by 247K, above estimates of 235K and up from the previous week’s 240K. The data reinforced the ADP Employment Change report for May, which could be a prelude for a negative Nonfarm Payrolls report. The US Trade Balance revealed that the deficit narrowed sharply in May, contracting by 55.5% to $-61.6 billion, the lowest since September 2023. According to Reuters, Metals Focus said, “Central banks worldwide are set to buy 1,000 metric tons of Gold in 2025, marking a fourth straight year of massive purchases as they shift reserves away from [US D]ollar assets.” Money markets suggest that traders are pricing in 54.5 basis points of easing toward the end of the year, according to Prime Market Terminal data. FXStreet calculates Gold…

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Filed under: News - @ June 6, 2025 5:27 am