Gold price in India showed a downward trend on Monday, as highlighted by FXStreet’s latest updates. The price per gram of gold fell to INR 7,241.09 compared to its earlier rate of INR 7,336.61 on Friday. Understanding daily changes in gold rates is crucial for investors and buyers in the dynamic gold market. This article delves into the latest figures and what they mean for consumers.
Current Gold Prices in India
According to FXStreet, the latest gold price in India indicate a notable decrease across different measurement units. Here is a breakdown of the current rates:
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 7,241.09 |
| 10 Grams | 72,410.62 |
| Tola | 84,458.34 |
| Troy Ounce | 225,220.70 |
The price for one tola of gold dropped to INR 84,458.34 from INR 85,572.77 recorded last Friday.
How Are Gold Prices in India Calculated?
FXStreet calculates Indian gold prices by converting international market rates into INR using the USD/INR exchange rate. Prices are adjusted for local measurement units, providing consumers with an accurate reference. These rates, updated daily, reflect market fluctuations but may slightly differ from local gold shop prices.
Key Takeaways from the Recent Price Drop
- Daily Monitoring: Gold prices can fluctuate due to multiple factors, including global market trends.
- Impact of FXStreet Data: Regular updates, like those from FXStreet, offer a comprehensive view of changes in gold prices.
- Market Variations: Local rates may vary depending on demand and supply dynamics.
The latest updates on gold prices emphasize the importance of staying informed about daily market trends. FXStreet remains a reliable source for monitoring these fluctuations. Whether you’re an investor or a buyer, tracking these rates can help you make informed decisions. For further updates on daily gold trends, check the daily gold signals blog and explore FXStreet’s gold updates.
