The country's favourite investment is influenced by a range of economic factors.
The 1980s then saw the growth of what is called financialisation where firms make money by trading in money rather than goods and services
In New Delhi, gold price stands at Rs 50,360 per 10 gm (24 carat) while in Mumbai it is 47,160
In New Delhi, the price stands at Rs 46,950 per 10 gm
In New Delhi, the price stands at Rs 47,040 per 10 gm
In New Delhi, gold price stands at Rs 47,050 per 10 gm.
In New Delhi, the price stands at Rs 47,150 per 10 gm
US gold futures fell 0.3% to $1,830.80 per ounce.
Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday
In New Delhi, the price stands at Rs 47,050 per 10 gm, a gain of Rs 90 from yesterday
In New Delhi, the 22-carat gold is trading at Rs 46 ,960 per 10 gm, a change of Rs 210 over yesterday's prices
Spot gold was up 0.4% at $1,806.00 per ounce, as of 0328 GMT. US gold futures rose 0.4% to $1,806.90
In New Delhi, the 22-carat gold is trading at Rs 46,750 per 10 gm, a change of Rs 200 over yesterday's prices
Spot gold was flat at $1,797.71 per ounce by 0324 GMT. US gold futures fell 0.1% to $1,797.70 per ounce.
In New Delhi, the 22-carat gold is trading at Rs 46,950 per 10 gm, a gain of Rs 100 over yesterday's prices
In New Delhi, the 22-carat gold is trading at Rs 46,850 per 10 gm while, in Mumbai, it is at Rs 46,870
Gold prices edged lower on Friday, heading for their first weekly decline in five, as a stronger dollar made bullion more expensive for holder of other currencies
Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80.
Gold prices edged higher on Tuesday as dollar weakened ahead of the release of US inflation data, increasing the appeal of the metal for holders of other currencies
In New Delhi, the price of 22-carat gold was up by Rs 100 to Rs 48,900 per 10 gm. In Chennai, it slid to Rs 45,260