India gold price today have shown an upward trend today, reflecting the global market conditions. According to FXStreet’s latest data, the value of gold in India increased on Thursday, marking a rise in the local currency. This blog will provide you with the latest price details and offer insights into what influenced these changes.
Gold Price Update in India
As of today, the price for gold in India stands at INR 6,894.34 per gram, which is slightly higher than the previous day’s value of INR 6,884.92 per gram. This marks a modest but noticeable increase in the daily rate.
When we look at gold prices for 10 grams, they have moved up to INR 68,943.38, following a similar upward trend. Gold prices for one tola (a traditional South Asian unit) reached INR 80,414.20, compared to the previous day’s value of INR 80,304.38.
Here’s a breakdown of gold prices:
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 6,894.34 |
| 10 Grams | 68,943.38 |
| 1 Tola | 80,414.20 |
| 1 Troy Ounce | 214,438.00 |
What Influences the Gold Prices in India?
The price of gold in India is calculated by FXStreet, which adapts international market prices to the local currency. The primary factor influencing these prices is the USD/INR exchange rate. When the value of the rupee weakens against the U.S. dollar, gold prices in India tend to rise, as gold is traded in dollars on the global market.
Local demand also plays a significant role, especially during festive seasons and wedding periods. However, FXStreet ensures that prices are updated daily, helping investors and consumers make informed decisions based on real-time market data.
Why Gold Prices Vary Locally
While FXStreet provides a reliable reference, it’s important to note that local gold prices can vary slightly due to factors like taxes, import duties, and local jeweler markups. Therefore, you might observe slight differences in gold rates depending on where you purchase it within India. Prices may also differ from city to city due to these additional factors.
Stay Updated with Daily Gold Prices
To stay ahead of daily changes, monitoring trusted sources for regular updates is essential. FXStreet is one such platform, offering timely and accurate data. You can also explore detailed daily gold price updates here to stay informed about the latest fluctuations in the gold market.
For more daily updates on the India gold price today, visit our Daily Gold Signal. This platform provides up-to-the-minute gold pricing, helping you make smart decisions when buying or investing in gold.
