Gold prices in India saw an upward trend on Tuesday, reflecting the market’s movement. As per the latest data, the value of gold has risen compared to the previous day. Investors and traders closely monitor these changes to make informed decisions.
Current Gold Rates in India
The latest market data indicates an increase in gold prices across different units. Below is the updated gold price as per Tuesday’s data:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,891.21 |
| 10 Grams | 78,912.66 |
| Tola | 92,042.18 |
| Troy Ounce | 245,440.70 |
Daily Market Trends
Gold prices in India are calculated by adjusting international rates (USD/INR) to the local currency and weight units. The values are updated daily based on market conditions at the time of reporting. Although these rates serve as a reference, actual prices may slightly vary due to local factors.
Factors Influencing Gold Prices
Several factors impact the fluctuation of gold prices in India:
- International Market Trends: The global demand and supply influence the pricing.
- Currency Exchange Rates: The USD/INR exchange rate plays a crucial role in determining gold prices.
- Inflation and Economic Conditions: Inflationary trends impact the value of gold, making it a preferred investment.
Understanding Gold Price Calculations
The conversion of international gold prices into INR depends on forex rates and local demand. Traders and investors should regularly check updated prices before making transactions.
Conclusion
Gold prices in India witnessed an increase, showcasing the market’s ongoing volatility. For real-time updates and insights, visit Daily Gold Signal. You can also explore more details on gold market trends at Daily Gold Update.
