Gold prices in India have shown a rise today, as per FXStreet data. Understanding the current gold trends can help investors make informed decisions. In this article, we delve into the latest gold figures and explore how FXStreet determines these values.
Current Gold Prices
As of Thursday, gold prices in India are as follows:
- Gold Price per Gram: INR 6,459.57
- Gold Price per 10 Grams: INR 64,596.55
- Gold Price per Tola: INR 75,344.14
- Gold Price per Troy Ounce: INR 200,917.00
These figures reflect an increase from the previous day’s prices. On Wednesday, gold was priced at INR 6,432.47 per gram and INR 75,027.11 per tola.
FXStreet Pricing Methodology
FXStreet data calculates gold in India by converting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the latest market rates. It’s essential to note that local rates might vary slightly.
Factors Influencing Gold Prices
Several factors influence gold price today globally and locally:
- Global Economic Conditions: Economic instability or geopolitical tensions often lead to increased gold demand as a safe-haven investment.
- Currency Fluctuations: The value of the Indian Rupee against the US Dollar impacts gold prices. A weaker rupee generally leads to higher gold prices.
Historical Gold Trends
Over the past few months, gold prices in India have shown significant fluctuations. Grasping these trends enables investors to make more informed decisions. Historical data can provide insights into seasonal trends and long-term movements in gold prices. For instance, gold prices often rise during economic uncertainty or festive seasons in India.
Conclusion
For up-to-date information on gold prices, visit Daily Gold Signal. To explore daily gold updates, check out the Daily Gold Update.
