India Gold Price Today The price of gold in India remained steady on Monday, reflecting minimal fluctuations, according to the latest data from FXStreet. Monitoring the current gold price trends can provide valuable insights for investors and market analysts.
Gold Price Overview
The price of gold in India on Monday was INR 6,769.35 per gram, showing almost no change from INR 6,774.09 on Friday. Similarly, the price per tola of gold was stable at INR 78,956.00 compared to INR 79,011.67 the previous Friday.
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,769.35 |
| 10 Grams | 67,693.19 |
| Tola | 78,956.00 |
| Troy Ounce | 210,549.50 |
How Gold Prices are Calculated
Gold prices in India are determined by converting international prices (USD/INR) into the local currency and adjusting for measurement units. FXStreet updates these prices daily, reflecting the latest market conditions. While the prices are reliable, slight variations may occur due to local market differences.
Role of Inflation and Currency Exchange Rates
Inflation is another significant factor affecting gold prices. As inflation rises, the value of currency diminishes, leading to increased demand for gold as a safe-haven asset. Additionally, the exchange rate between the Indian Rupee and the US Dollar plays a vital role in determining gold prices in India. A weaker Rupee generally makes gold more expensive.
Influence of Local Demand
India is one of the largest consumers of gold globally, with demand peaking during festivals like Diwali and the wedding season. This seasonal demand often leads to temporary spikes in gold prices. However, in recent times, the market has seen steady demand, leading to stable prices.
Conclusion
Tracking gold prices daily can help you make informed decisions about investments. Stay updated on the latest gold price trends for better financial planning.
For more detailed updates, visit Daily Gold Signal and check out the daily gold update for in-depth analysis.
