Gold prices in India saw a decline on Monday, as reported by FXStreet. The value of gold per gram dropped to INR 7,147.46, marking a slight decrease from INR 7,163.71, which was the price on Friday. Additionally, the price of gold per tola decreased from INR 83,556.06 on Friday to INR 83,366.52.
Current Gold Prices in India
The table below provides a detailed breakdown of the current gold prices in India as per FXStreet data:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,147.46 |
| 10 Grams | 71,474.55 |
| Tola | 83,366.52 |
| Troy Ounce | 222,310.90 |
How FXStreet Calculates Gold Prices
FXStreet calculates gold price in India by adjusting global gold price (USD) to the local currency (INR) using up-to-date exchange rates. These prices are calculated on a daily basis and may slightly differ from local market rates. Therefore, while the prices provide an excellent reference, actual rates in local markets might vary due to different conditions or factors.
Why Gold Prices Fluctuate
Gold price often fluctuate due to various factors. These include changes in international demand, currency exchange rates, and market conditions. In India, gold is particularly sensitive to international gold rates, as the country is one of the largest importers of this precious metal. Understanding these trends helps in making informed decisions when it comes to investing in gold.
Where to Find Daily Gold Price Updates
To stay informed about the latest updates on gold price, you can regularly visit websites that track gold movements, such as Daily Gold Signal for internal updates. For further daily gold updates, FXStreet provides in-depth data, which can be found on their Daily Gold Updates page.
