India gold price increase on Wednesday, reflecting changes in the global market. According to FXStreet, the price of gold rose compared to the previous day.
Gold Prices Across India
The price of gold in India increased to 7,654.64 INR per gram, compared to 7,629.94 INR on Tuesday. Similarly, the cost per tola went up to 89,283.52 INR from 88,994.07 INR the day before. This rise shows higher demand and changes in the global market.
Gold Price Details
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,654.64 |
| 10 Grams | 76,547.23 |
| Tola | 89,283.52 |
| Troy Ounce | 238,209.90 |
Understanding Gold Calculation
FXStreet calculates gold prices in India by converting global prices (USD/INR) into local currency and measurement units. These prices are updated daily based on market rates. Local prices might differ slightly depending on the region.
Why Do Gold Prices Change?
Gold prices change due to several reasons, such as:
- Global Trends: The USD/INR exchange rate is important.
- Local Demand: Festivals and weddings in India increase gold demand.
- Economic Factors: Inflation, interest rates, and world events affect prices.
Tips for Buying Gold
When purchasing gold, keep these tips in mind:
- Check Daily Rates: Always check updated gold rates before buying.
- Verify Purity: Look for BIS Hallmark certification to ensure quality.
- Understand Charges: Be aware of making charges, which can vary across jewelers.
- Buy from Reputable Sellers: Purchase from trusted jewelers to avoid counterfeit products.
- Consider Investment Options: Beyond jewelry, explore gold coins, bars, or digital gold.
To check daily updates on gold prices, visit Daily Gold Signal. For more gold market trends, visit Daily Gold Updates.
