Gold price in India remained largely stable on Monday, showcasing minimal movement in the market. As per FXStreet data, the price of gold stood at 7,276.11 Indian Rupees (INR) per gram, nearly unchanged from Friday’s rate of 7,278.81 INR per gram.
Gold Prices Per Gram, Tola, and Troy Ounce
The prices for various gold price in India measures remained steady. Here is the breakdown:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,276.11 |
| 10 Grams | 72,761.08 |
| Tola | 84,867.09 |
| Troy Ounce | 226,312.40 |
Compared to Friday’s prices, the per tola rate decreased slightly from INR 84,898.62 to INR 84,867.09.
How Are India’s Gold Prices Calculated?
India’s gold prices are determined by adapting global gold rates to local conditions. FXStreet uses international rates (USD/INR) and converts them to the local currency and measurement units. These updates are provided daily, though slight variations may occur depending on local market conditions.
Factors Influencing Gold Prices in India
Several factors influence gold prices in India, such as:
- Global Market Trends: Changes in international gold prices directly impact local rates.
- Currency Exchange Rates: Variations in the USD/INR exchange rate significantly affect pricing.
- Local Demand: Festive seasons and weddings often drive demand, affecting prices.
Conclusion
Gold prices in India have shown stability, mirroring steadiness in both global and local markets. While the current rates are for reference purposes, local prices may vary slightly due to market fluctuations. For more updates on daily gold prices, visit our Daily Gold Signal page or check detailed updates in our Daily Gold Update section.
