India gold price today experienced a drop on Monday, as reported by FXStreet. The price per gram of gold fell to INR 6,744.25, a decline from INR 6,764.75 on Friday. Similarly, the price per tola decreased to INR 78,663.64 from INR 78,902.73 on Friday.
Gold Price Details
The following table outlines the gold prices in different units:
- 1 Gram: INR 6,744.25
- 10 Grams: INR 67,442.80
- Tola: INR 78,663.64
- Troy Ounce: INR 209,774.90
FXStreet’s Methodology
FXStreet calculates India gold price today by converting international prices (USD/INR) to the local currency and measurement units. The prices are updated daily based on market rates available at the time of publication. It’s important to note that these prices are for reference only, and local rates may vary slightly.
Factors Influencing India Gold Price
Various factors influence the fluctuations in gold prices in India:
- Global Economic Conditions: Economic uncertainty or stability in major economies like the US and China can influence gold prices globally.
- Currency Exchange Rates: The value of the Indian Rupee against the US Dollar plays a significant role in determining gold prices.
- Demand and Supply Dynamics: Seasonal demand, particularly during festivals and wedding seasons in India, can drive up prices.
- Investor Sentiment: Global and domestic investor behavior can lead to price fluctuations based on market trends and economic news.
These factors often interact, creating a dynamic market where gold prices can change rapidly.
Conclusion
Gold prices in India are influenced by international market trends and currency exchange rates. For daily updates on gold prices, you can visit Daily Gold Signal for internal insights or check Daily Gold Updates for more detailed analysis.
