The gold price increase in India was observed on Wednesday, based on the latest data from FXStreet.
The price of gold reached 6,496.98 Indian Rupees (INR) per gram, marking a rise from the INR 6,483.28 recorded on Tuesday.
This gold price increase in India also saw rates climb to INR 75,788.88 per tola compared to INR 75,619.70 per tola the previous day.
1. Gold Price Overview
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,496.98 |
| 10 Grams | 64,977.84 |
| Tola | 75,788.88 |
| Troy Ounce | 202,078.70 |
2. Calculation Method
FXStreet determines the gold price in India by adjusting international prices (USD/INR) to the local currency and units. These prices are updated daily based on the current market rates at the time of publication. It’s important to note that these prices are for reference only, and local rates may vary slightly.
Factors Influencing Gold Prices
Several factors contribute to the gold price increase in India. Changes in the US dollar’s value, shifts in international trade policies, and global economic conditions all play a role. In addition, demand for gold jewelry and investments within India continues to drive local prices.
Gold prices often fluctuate in response to economic data releases and monetary policy changes by central banks. For instance, any indication of interest rate adjustments can lead to immediate changes in gold prices as investors reassess their portfolios.
For more daily updates on gold prices, visit Daily Gold Signal and explore the Daily Gold Update category for the latest news and insights.
