India gold price saw an upward trend on Friday, reflecting a noticeable increase in the precious metal’s value, as reported by FXStreet.
Overview of Gold Price Increase
According to FXStreet’s data, the price of gold in India per gram rose to 6,968.89 Indian Rupees (INR), marking an increase from the previous day’s 6,949.19 INR. Similarly, the price for one tola, a traditional South Asian measurement, reached INR 81,283.71, showing an upward shift from the earlier rate of INR 81,054.03.
Breakdown of Gold Prices in India:
- 1 Gram of Gold: 6,968.89 INR
- 10 Grams of Gold: 69,688.85 INR
- 1 Tola of Gold: 81,283.71 INR
- 1 Troy Ounce of Gold: 216,756.70 INR
What Influences the Gold Price in India?
FXStreet calculates India gold price by converting international gold rates into Indian Rupees, based on the USD/INR exchange rate and standard measurement units. The conversion ensures that gold prices in India align with international market rates. It’s important to note that these rates are updated daily and provide an accurate reference. However, slight differences in local prices may occur depending on local market conditions.
Gold Price Trends and Global Impact
The rise in gold prices can be attributed to various global factors. Currency fluctuations, especially in the USD/INR exchange rate, play a significant role in determining the cost of gold in India. Additionally, market demand, geopolitical situations, and economic factors also contribute to these changes.
Stay Updated with Daily Gold Price Movements
For regular updates on gold price trends, you can check out Daily Gold Signal, which provides real-time market signals. Additionally, the latest Daily Gold Updates offer insights into global gold price movements.
