The gold market in India saw a decline on Friday, as reported by FXStreet. The Gold Market Update shows prices were INR 6,465.21 per gram, a decrease from INR 6,485.48 on Thursday. The Gold Market Update per tola also dropped to INR 75,408.89 from INR 75,645.38 the previous day.
Detailed Breakdown of Gold Market
- 1 Gram: INR 6,465.21
- 10 Grams: INR 64,652.06
- 1 Tola: INR 75,408.89
- 1 Troy Ounce: INR 201,090.50
Factors Influencing Gold Market
The Gold Market is influenced by various factors including international market trends, currency exchange rates, and local demand and supply dynamics. International gold prices often affect local prices, especially when the Indian Rupee fluctuates against the US Dollar. Political events, economic data, and market speculation also play significant roles in determining the Gold Market.
Importance of Monitoring Gold Market
For investors, jewelers, and consumers, keeping an eye on the Gold Market Update is crucial. Fluctuations in gold prices can impact investment decisions and purchasing power. Investors often see gold as a safe-haven asset during economic uncertainties, making it essential to stay informed about Gold Market movements.
Daily Price Updatese
FXStreet offers daily updates on gold market prices by converting international rates (USD/INR) into local currency and measurement units. These prices are updated based on market rates at the time of publication. It is important to note that local prices may slightly vary from these reference prices.
Additional Resources
For more updates on the Gold Market Update, visit Daily Gold Signal and check their daily gold updates. Keeping up with these resources can help you make informed decisions regarding gold investments and purchases.
