India gold price today experienced a decline today, as per the latest data from FXStreet. This shift in gold prices can impact both investors and buyers looking to trade in gold. In this article, we will break down the latest figures and provide insight into the current market trends.
Current Gold Prices in India
Gold price in India fell on Friday, as reported by FXStreet. The price of gold now stands at 6,537.35 Indian Rupees (INR) per gram, showing a decrease from 6,547.98 INR on Thursday. This drop reflects a subtle shift in the gold market.
Price Details
Here’s a closer look at today’s gold prices:
- 1 Gram: 6,537.35 INR
- 10 Grams: 65,375.36 INR
- Tola: 76,252.54 INR
- Troy Ounce: 203,335.20 INR
How FXStreet Calculates Gold Prices
FXStreet determines gold prices in India by adjusting international gold prices (USD/INR) to fit local currency and measurement standards. They update these prices daily based on market rates at the time of publication. Remember, local rates might slightly vary from these published figures.
Factors Influencing Gold Prices
Several factors can impact gold prices:
- Global Economic Trends: Economic conditions around the world, including inflation rates and geopolitical events, can influence gold prices.
- Currency Fluctuations: Changes in the USD/INR exchange rate play a crucial role in determining gold prices in India.
- Market Demand and Supply: Seasonal changes and shifts in consumer demand can affect the supply and demand balance for gold, impacting its price.
Conclusion
For the latest updates on gold prices and trends, visit Daily Gold Signal. For daily gold updates, check out their category page.
