XAUUSD tells the price of 1 Ounce Gold in USD. (1 Ounce = 28.3495231 grams)
If you do XAUUSD*USDINR, it will give the price of 1 Ounce Gold in INR.
If We do convert that to 10g notation in which We are accustomed, We need to do - (XAUUSD*USDINR)/2.83495231
It will look like this -
Now, If you compare "NIFTY" with that, You will see the comparison between Index and Gold in one chart.
If you do XAUUSD*USDINR, it will give the price of 1 Ounce Gold in INR.
If We do convert that to 10g notation in which We are accustomed, We need to do - (XAUUSD*USDINR)/2.83495231
It will look like this -
Now, If you compare "NIFTY" with that, You will see the comparison between Index and Gold in one chart.
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