Gold price in India saw an upward trend on Wednesday, as reported by FXStreet. The value of gold increased compared to the previous day, reflecting fluctuations in the global market. Investors closely monitor these price movements to make informed decisions.
Latest Gold Price Updates in India
The latest data indicates a rise in gold prices across different weight measurements:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,997.48 |
| 10 Grams | 79,975.37 |
| 1 Tola | 93,281.70 |
| 1 Troy Ounce | 248,749.70 |
On Tuesday, the price stood at INR 7,965.92 per gram. Today, it has increased to INR 7,997.48 per gram. Likewise, the cost per tola rose from INR 92,912.91 to INR 93,281.70. These changes indicate positive movement in gold value.
Gold Price Calculation Method
FXStreet determines the gold prices in India by adjusting global prices (USD/INR) into local currency and weight units. The prices are updated daily based on current market rates. However, local market variations may slightly impact actual retail prices. For reliable gold trading insights, visit Daily Gold Signal.
What Influences Gold Prices?
Several factors contribute to the fluctuation of gold prices in India:
- Global Market Trends: International gold prices directly impact local rates.
- USD/INR Exchange Rate: A stronger rupee lowers prices, while a weaker rupee increases them.
- Demand and Supply: Higher demand in the jewelry market drives prices up.
- Inflation and Interest Rates: Inflation often leads to increased gold prices.
Stay Updated on Gold Price Trends
Gold investors and buyers should track daily price changes for better decision-making. To access regular gold price updates, check Daily Gold Update.
Conclusion
The latest market trends show an increase in gold prices in India. Investors and buyers should stay informed about fluctuations for better financial planning. For more updates, visit Daily Gold Signal.
