Gold price in India declined on Thursday, reflecting global market trends, according to FXStreet data. The value of gold per gram dropped to 8,151.44 Indian Rupees (INR) from INR 8,194.49 recorded on Wednesday. Similarly, the price per tola fell to INR 95,076.50 from INR 95,579.26 a day earlier.
Key Highlights for India Gold Price
- Gold per gram: INR 8,151.44
- Gold per 10 grams: INR 81,513.59
- Gold per tola: INR 95,076.50
- Gold per troy ounce: INR 253,538.40
India Gold Price: Market Context
Gold prices are influenced by various factors, including global economic trends, currency fluctuations, and investor sentiment. The ongoing shifts in the USD/INR exchange rate significantly impact domestic gold rates. Additionally, international economic policies, interest rates, and inflation trends play crucial roles in determining the price movement of gold in India.
Technical Insights
Experts highlight key technical levels affecting gold prices. Resistance is observed near INR 8,200 per gram, while support is found around INR 8,100 per gram. If prices break below this support, further declines could be anticipated. Conversely, a breach above resistance may indicate a price recovery.
Expert Opinions
Market analysts suggest that gold prices may experience volatility due to global economic uncertainty. Some experts recommend monitoring inflation rates and central bank policies, which could further impact gold valuation. Investors are advised to track these factors before making investment decisions.
Conclusion
Gold prices in India witnessed a decline today, influenced by currency fluctuations and international trends. Investors should stay updated on economic developments and technical indicators to make informed decisions. For daily updates and in-depth market analysis, visit Daily Gold Signal.
For more detailed insights, explore our Daily Gold Update section.
