Gold has always held a significant place in India, both culturally and economically. It serves not just as a store of value but also plays a crucial role during festivals and weddings. Monitoring the daily fluctuations in gold prices is vital for investors, jewelers, and consumers alike. In this article, we focus on the stability of India Gold Price, as highlighted by FXStreet data.
Gold Prices Remain Steady in India
On Friday, the gold prices in India showed little movement, as reported by FXStreet. The price per gram of gold in India stood at INR 6,797.25, reflecting a slight increase from the previous day’s rate of INR 6,792.28. This indicates that the gold market is relatively stable.
For those interested in buying or selling gold in larger quantities, the price of 10 grams of gold was INR 67,972.48, showcasing stability in the market. Similarly, the price per tola (a traditional Indian measurement) remained steady at INR 79,281.77, up from INR 79,223.86 on Thursday.
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,797.25 |
| 10 Grams | 67,972.48 |
| Tola | 79,281.77 |
| Troy Ounce | 211,418.20 |
Understanding the Price Calculation
Gold prices in India are influenced by various factors, including international rates and the USD/INR exchange rate. FXStreet adapts these international prices to local currency values, providing accurate and updated gold prices for Indian consumers. While these prices serve as a reference, minor differences might occur based on local market conditions.
Importance of Tracking Gold Prices
For investors and traders, keeping a close watch on gold prices is crucial for making informed decisions. Even small fluctuations can impact large transactions. Therefore, it is essential to stay updated with reliable sources like FXStreet for accurate gold pricing data.
Conclusion: Stay Updated with Daily Gold Prices
Gold prices are subject to daily fluctuations, and staying informed can help you make better financial decisions. You can stay updated on the latest trends in gold prices by checking reliable sources. For more in-depth updates on gold prices, you can visit Daily Gold Signal or explore their detailed Daily Gold Updates.
