Gold price India saw a decline on Friday, based on the latest data from FXStreet. For those closely monitoring the gold market, these fluctuations can be significant. This article will outline the recent drop in gold prices and provide relevant details for various units of measurement. Additionally, we’ll explore the factors that might influence these changes and offer some insights for those looking to invest in gold.
Gold Prices in India: The Latest Data
According to FXStreet, the price of gold in India was INR 6,777.57 per gram on Friday. This marked a decrease from Thursday’s price of INR 6,796.77. Similarly, the price per tola (a traditional unit of gold measurement) also dropped, standing at INR 79,052.29 compared to INR 79,276.15 the previous day.
Here’s a breakdown of the gold prices in India:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,777.57 |
| 10 Grams | 67,775.73 |
| Tola | 79,052.29 |
| Troy Ounce | 210,804.60 |
Gold Price Calculation Methodology
FXStreet calculates gold prices in India by adjusting international gold rates to local currency (USD/INR) and measurement units. These prices are updated daily, reflecting the market rates at the time of publication. It is important to note that while these prices offer a good reference, local rates might vary slightly depending on the region and vendor.
Factors Influencing Gold Prices
Gold prices fluctuate due to various factors such as global economic conditions, currency exchange rates, and geopolitical events. Being aware of these factors enables investors to make smart choices when purchasing or selling gold. Keeping track of daily trends and referring to trustworthy sources, such as FXStreet, can offer important guidance.
Conclusion
Monitoring gold prices is crucial for both investors and traders. As gold prices continue to change daily, staying informed is crucial for making wise investment decisions. For further details on daily gold updates, you can visit this daily gold update section.
For more gold price updates and signals, be sure to check out Daily Gold Signal, which provides comprehensive information on gold price movements.
