Gold prices in India have risen as per the latest data shared by FXStreet. On Friday, the price of gold saw a notable increase compared to Thursday’s figures, reflecting a positive trend for investors and buyers.
Gold Price Increase in India
According to FXStreet’s data, the price of gold per gram in India reached INR 6,933.35 on Friday, marking a rise from INR 6,905.34 on Thursday. The price per tola also increased to INR 80,880.93, compared to INR 80,545.38 the previous day.
This consistent rise in India gold price has attracted attention from investors and those in the market for gold purchases. The detailed breakdown of the gold rates in Indian Rupees (INR) is as follows:
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 6,933.35 |
| 10 Grams | 69,343.53 |
| Tola | 80,880.93 |
| Troy Ounce | 215,658.20 |
How FXStreet Calculates Gold Prices
FXStreet determines the gold price update in India by converting international prices (USD/INR) into the local currency and measurement units. The data is updated daily, ensuring that buyers and sellers have access to the most accurate and relevant pricing information. It’s important to note that these prices are for reference, and local market rates may vary slightly.
Why Gold Prices Fluctuate
Gold prices in India are influenced by a variety of factors, including international market conditions, currency exchange rates, and domestic demand. Fluctuations in the USD/INR exchange rate have a significant impact on the gold price. The continuous rise in gold prices can indicate changes in global markets, inflation rates, and investor sentiment.
Conclusion
Understanding gold price trends is crucial for making informed financial decisions. FXStreet provides accurate data to help track these changes. For more insights on gold price updates, visit Daily Gold Signal.
