Gold prices in India remained stable on Monday, based on data from FXStreet.
The price of gold stood at 6,480.71 Indian Rupees (INR) per gram, nearly unchanged from INR 6,476.68 on Friday.
Gold prices per tola were steady at INR 75,590.66, compared to INR 75,542.73 on Friday.
Current Gold Price in India
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,480.71 |
| 10 Grams | 64,807.63 |
| Tola | 75,590.66 |
| Troy Ounce | 201,564.40 |
How FXStreet Calculates Gold Prices in India
FXStreet calculates gold prices in India by adapting international prices (USD/INR) to local currency and measurement units. Prices are updated daily based on market rates at the time of publication. These prices are for reference, and local rates might slightly differ.
Factors Influencing Gold Prices in India
Gold prices in India are influenced by several factors, including international gold prices, currency exchange rates, and local demand. During festive seasons and wedding periods, demand for gold increases, which can drive up prices. Additionally, economic conditions, geopolitical tensions, and changes in government policies also affect gold prices.
Comparison with Previous Weeks
Compared to the previous weeks, the gold prices has shown minor fluctuations but remained relatively stable overall. The global economic environment and stable demand have contributed to this steadiness. Investors often consider gold a safe-haven asset, and its prices reflect market sentiments and economic stability.
Investing in Gold: Things to Consider
Investing in gold can be a prudent decision, especially in uncertain economic times. It is important to consider the form in which you wish to invest in gold – physical gold, gold ETFs, or digital gold. Every option comes with its benefits and possible drawbacks. Physical gold offers tangibility, while gold ETFs and digital gold provide convenience and ease of trading.
For daily updates on gold prices, visit Daily Gold Signal. For detailed daily gold updates, visit Daily Gold Update.
