Crypto Gold (XAUt) on Mudrex trades at ₹3,46,591.53, down 0.83% in the last 24 hours. Today’s range was wide, showing both buying and selling interest. As gold-linked tokens track global bullion and the rupee, we explain how currency moves, bond yields, and central-bank demand shaped today’s mild dip.
ALSO READ: What are stablecoins and how pegs work for quick context on asset-pegged tokens like gold-backed coins.
Gold (XAUt) is a token that represents ownership of one troy ounce of physical gold on a London Good Delivery bar, stored in secure vaults and allocated with identifiable serial numbers.
Because each token maps to specific bar-linked gold, XAUt’s price behavior is primarily a function of global gold prices, not crypto.
“Tether Gold tokens provide undivided ownership rights to gold on the specified gold bar(s). The allocated gold is identifiable with a unique serial number.”
The rupee trades close to its all-time low around ₹88.7–₹88.8 per USD. Reported support from the central bank has helped the currency hold ground after fresh lows earlier this week. When the rupee is weak, INR gold prices fall less even if global bullion softens, since gold is priced in dollars. This currency effect helps Crypto Gold in rupees stay firm despite quiet global moves.
Portfolio outflows and trade worries keep pressure on the rupee. This backdrop cushions Crypto Gold in INR terms and explains today’s only small decline.
Global markets show a quiet mood. U.S. 10-year yields sit near ~4.14%, with traders watching upcoming data. Stable yields mean no big headwind for non-yielding assets like gold, but also no big boost. This helps explain why price action is range-bound rather than trending.
With fewer sharp moves in bonds, gold tends to walk, not sprint. That is what we see in today’s Crypto Gold print on Mudrex.
Official-sector buying continues to be a strong pillar of support. Recent quarterly data showed total gold demand (including OTC) rising year-on-year and the value of demand at a record level. Even if the pace of central-bank purchases slows at times, this steady bid supports dips and keeps long-term confidence strong.
In India, market commentary also notes activity to manage FX volatility, which indirectly shapes INR gold pricing and sentiment.
Price shows a broad sideways move with soft pressure. Buyers stepped in near the day’s low at ₹3,44,866.64, while sellers showed up around the day’s high at ₹3,50,746.10. Think of price as a seesaw inside this box. A close above ₹3,50,750 could invite a slow climb. A drop below ₹3,44,850 may push a deeper test, but buyers likely return near dips. For now, momentum looks calm to slightly weak.
Watch the U.S. Core PCE release on Friday, September 26 (IST). It is a key inflation gauge for the Fed and can swing yields, the dollar, and therefore gold. Also track any fresh guidance on India’s FX management and capital flows, as the rupee path remains crucial for INR gold prices.
If you want simple, on-phone access to gold price, Crypto Gold (XAUt) on Mudrex fits well. Start small, add regularly, and let time do the work. When you are ready, open Mudrex, search “XAUt,” and place your buy or sell in a few taps.
Buy Tether Gold from Mudrex Today and start your Crypto Journey
1. Is Tether Gold (XAUt) backed by real gold?
Yes. Each token represents one troy ounce of physical gold on a London Good Delivery bar, with allocated serial numbers and vault storage.
2. Can I redeem XAUt for physical gold?
Redemption is available for whole bars via issuer processes, subject to KYC and minimums. It is not designed for frequent small redemptions.
3. Why did XAUt rise in the last 24 hours?
Today’s uptick reflected strong bullion sentiment as gold extended its 2025 gains on rate and dollar narratives, which typically lift gold-linked instruments.
4. Is XAUt a stablecoin?
XAUt is a gold-pegged token rather than a fiat-pegged stablecoin. It targets the value of physical gold, so it will fluctuate as gold prices change. For background on pegs, read Mudrex’s stablecoin explainer.
5. Where can I check live XAUt price and supply?
Mudrex’s XAUt page shows live price, circulating supply, and market cap in real time. You can check it here
Krishnan is a Bangalore-based crypto writer dedicated to simplifying complex crypto concepts. He covers blockchain, DeFi, and NFTs, with a focus on real-world asset tokenization and digital trust. Previously he has written on Real Estate related assets for NoBroker. Krishnan holds a B.Tech degree from the College of Engineering Trivandrum.
