When he died, his title was granted "iron-cap" status and became perpetually inheritable, one of the only twelve such princes in Qing dynasty history.

Yinxiang's mother, Imperial Noble Consort Jingmin, was the daughter of the military commander Haikuan (海寬) from the Bordered White Banner.

Yinxiang was schooled in the arts and classics by Fahai, the second son of Tong Guogang, the maternal uncle of the Kangxi Emperor.

Both of Yinxiang's sisters died young shortly after being named hesuo princess and wedded respectively to Mongol princes.

However, in 1709 when Kangxi bestowed noble titles to his various sons, Yinxiang was not among the recipients; his younger brother Yinti, however, was named a beizi.

The Yongzheng Emperor praised Yunxiang in his eulogy edict and declared a mourning period of three days, during which imperial court sessions were not held.