Gold price in India showed a slight decline on Wednesday, as reported by FXStreet’s latest data. This change reflects the fluctuating trends in the international market, which continue to impact local gold prices. Below, we provide a detailed update on today’s gold rates in India.
Today’s Gold Prices and Current Trends in India
The price of gold in India was 7,342.29 Indian Rupees (INR) per gram, showing a slight decline from 7,344.80 INR noted on Tuesday. Similarly, the price of gold per tola dropped from 85,668.30 INR to 85,644.76 INR.
Here is a breakdown of the current gold prices:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,342.29 |
| 10 Grams | 73,428.35 |
| Tola | 85,644.76 |
| Troy Ounce | 228,056.90 |
Understanding the FXStreet Gold Price Calculation
This ensures accurate daily updates based on the latest market rates. However, these prices are for reference purposes, and slight variations may occur in local markets due to additional factors such as transportation costs and taxes.
Key Factors Influencing Gold Prices
Several factors influence gold prices in India, including:
- Global Market Trends: The dynamics of worldwide demand and supply are pivotal.
- Currency Exchange Rates: The USD/INR conversion rate significantly affects gold prices.
- Economic Indicators: Inflation rates and government policies often impact gold’s value.
These factors combined with regional dynamics result in slight daily changes in gold prices.
Conclusion
Gold prices in India experienced a slight dip today, reflecting changes in international markets. Stay updated on the latest gold price trends by visiting Daily Gold Signal for in-depth analysis. For more updates on daily gold prices, check the Daily Gold Update section.
