The India Gold Price stayed mostly stable on Tuesday, according to FXStreet data.
The India Gold Price was 6,439.06 Indian Rupees (INR) per gram, nearly unchanged from Monday’s price of INR 6,444.63.
Per tola, the India Gold Price maintained a similar rate, priced at INR 75,103.98 compared to INR 75,168.91 a day earlier.
Current Gold Prices in India
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,439.06 |
| 10 Grams | 64,389.83 |
| Tola | 75,103.98 |
| Troy Ounce | 200,277.40 |
How FXStreet Calculates Gold Prices
FXStreet determines the India Gold Price by converting international rates (USD/INR) to local currency and units. Updates occur daily based on market rates at publication time. Note that these prices are for reference, and local rates may vary slightly.
Factors Influencing Gold Prices
Several factors influence the India Gold Price, including global economic conditions and currency fluctuations. The USD/INR exchange rate plays a crucial role in determining local gold prices. Additionally, geopolitical tensions, inflation rates, and central bank policies impact gold’s appeal as a safe-haven asset. Investors often turn to gold during uncertain times, driving demand and prices.
Impact of Gold Prices on the Economy
Gold holds significant importance in India’s economy, affecting both consumers and investors. As a popular investment, gold is seen as a hedge against inflation and currency devaluation. It plays a vital role in traditional ceremonies and weddings, driving consumer demand. Changes in the India Gold impact the purchasing decisions of individuals and businesses, influencing the overall economic landscape.
Recent Trends in Gold Prices
In recent months, the India Gold has experienced fluctuations due to various global factors. Economic recovery post-pandemic and central bank policies have contributed to price volatility. Investors closely monitor gold price movements to make informed decisions about buying or selling. Understanding these trends is essential for those looking to invest in or trade gold.
For more information on gold prices and updates, you can visit Daily Gold Signal or explore their Daily Gold Update category.
