The gold price in India has dropped today, according to recent data from FXStreet. The updated rates show a decline compared to last week, reflecting the fluctuations in the global market.
Gold Price Information in India
The current gold price in India per gram is 7,455.15 INR, marking a drop from 7,467.92 INR recorded on Friday. In the same way, the price of one tola of gold has fallen to 86,954.76 INR, down from 87,104.32 INR.
Gold Price Analysis
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,455.15 |
| 10 Grams | 74,550.39 |
| Tola | 86,954.76 |
| Troy Ounce | 231,884.70 |
Factors Influencing Gold Prices
FXStreet derives the gold prices in India by aligning international market rates (USD/INR) with local currency and measurement standards. These prices are updated daily to reflect the latest market conditions. However, local rates might vary slightly due to regional differences.
Impact of the Global Economy on Gold Prices
The global economy plays a significant role in shaping the price of gold. When the US Federal Reserve changes interest rates or there is political instability, the price of gold often sees significant fluctuations. Gold is often seen as a safe-haven asset during times of economic downturn, and as a result, demand for the precious metal tends to rise, leading to price increases. In contrast, when economic stability returns, the demand for gold may drop, leading to a fall in prices.
Why Gold Prices Fluctuate
Gold prices in India are heavily influenced by global market trends, currency exchange rates, and local demand. Investors often rely on tools like FXStreet’s daily updates to stay informed.
For more insights and updates, visit our Daily Gold Signal page. You can also explore detailed daily gold updates through this external link.
