Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 6,250.22 India n Rupees per gram, broadly stable compared with the INR 6,248.45 it cost on Tuesday. The price for Gold was broadly steady at INR 72,901.34 per tola from INR 72,880.70 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 6,250.22 10 Grams 62,502.20 Tola 72,901.34 Troy Ounce 194,403.70 FXStreet calculates Gold prices in India by adapting international prices to the local currency and measurement units.
Dallas Fed President Lorie Logan reiterated that although tremendous progress has been made, inflation remains too high and will need to see 'several more months' to have confidence that it is heading to 2%. St. Louis Fed President Alberto Musalem noted that the labor market remains particularly tight and that it could take entire months or quarters before policies drag inflation back to the target levels.
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