India gold price saw a decrease on Thursday, according to data from FXStreet. The price of gold per gram was recorded at 6,753.30 Indian Rupees (INR), showing a drop from the 6,780.07 INR per gram on the previous day.
Similarly, the price of gold per tola also fell, standing at 78,769.16 INR compared to 79,081.43 INR a day before.
Gold Price Table (INR)
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,753.30 |
| 10 Grams | 67,533.00 |
| Tola | 78,769.16 |
| Troy Ounce | 210,052.10 |
How FXStreet Calculates India Gold Price
FXStreet sets the India gold price by converting international gold prices (USD/INR) to align with local currency and measurement standards. These prices are updated daily, based on the prevailing market rates at the time of publication. It is important to note that these prices are meant for reference only and may vary slightly from the rates offered by local dealers.
India Gold Price Today: Currency Fluctuations and Import Duties Impact
Currency fluctuations, particularly the Indian Rupee’s performance against the U.S. Dollar, have also impacted gold prices. A weaker rupee makes gold imports more expensive, leading to higher prices domestically. Additionally, changes in import duties can have a significant effect on gold prices. The Indian government periodically adjusts these duties to control the gold trade balance, influencing price trends.
In conclusion, the decline in gold prices today reflects the complex interplay of global and domestic factors. By staying informed and analyzing market trends, investors can make more informed decisions regarding their gold investments.
For the latest updates on gold prices and economic developments, visit Daily Gold Signal and explore Daily Gold Update.
