Gold price in India stayed the same on Wednesday, as reported by FXStreet. This means there was little to no change in the rates compared to the previous day.
Current Gold Prices in India
On Wednesday, the price of gold in India was ₹7,153.49 per gram, only slightly higher than Tuesday’s price of ₹7,146.54. The price for one tola of gold was ₹83,435.26, staying close to Tuesday’s rate of ₹83,355.83.
Factors That Affect Gold Prices
Several factors influence the daily changes in gold prices:
- Global Market Trends: Gold prices in India are linked to international markets, where rates depend on global supply and demand.
- Currency Exchange Rates: The USD/INR exchange rate plays a major role in determining gold prices in India. A declining rupee can drive up the cost of gold.
- Inflation and Interest Rates: Gold is often seen as a safe investment during inflation or low-interest-rate periods, which can drive up demand and prices.
Understanding these factors can help buyers and investors make informed decisions when purchasing gold or monitoring the market.
Gold Prices at a Glance
| Measurement Unit | Price (INR) |
|---|---|
| 1 Gram | 7,153.49 |
| 10 Grams | 71,533.49 |
| 1 Tola | 83,435.26 |
| 1 Troy Ounce | 222,498.40 |
How FXStreet Calculates Gold Prices
FXStreet converts global gold prices into Indian Rupees (INR) using the current USD/INR exchange rate. They also adjust the prices to match Indian measurement units like grams and tolas. Prices are updated daily, but actual rates in your local market may vary slightly.
Conclusion
India’s gold prices have remained stable, reflecting a calm market. For more updates on gold prices, visit Daily Gold Signal.
To check daily trends and analysis, explore Daily Gold Update.
