India gold price fell on Monday, according to data from FXStreet. The price per gram of gold is now ₹7,148.65, which is lower than Friday’s price of ₹7,161.77. The price per tola also decreased, dropping from ₹83,533.42 to ₹83,378.20.
Current Gold Prices in India
Here’s a quick look at the latest gold prices:
| Unit | Gold Price (INR) |
|---|---|
| 1 Gram | ₹7,148.65 |
| 10 Grams | ₹71,483.23 |
| 1 Tola | ₹83,378.20 |
| 1 Troy Ounce | ₹222,347.90 |
How Gold Prices Are Calculated
India gold price are based on international market prices, converted using the USD/INR exchange rate. FXStreet provides updated gold prices daily. Keep in mind that prices may slightly vary in local markets.
What Affects Gold Prices?
Gold prices change due to global economic conditions, currency exchange rates, and market demand. In India, gold rates are influenced by the value of the Indian Rupee against the US dollar.
Factors Influencing Gold Prices
Gold prices are influenced by multiple factors both globally and locally:
- Global Demand and Supply: When the global demand for gold increases, prices tend to rise. Supply disruptions can also lead to price increases.
- Currency Fluctuations: In India, the value of the Rupee against the U.S. dollar affects gold prices. A weaker Rupee usually means higher gold prices.
- Geopolitical Events: Political tensions, wars, and trade disruptions can drive gold prices up as investors seek safe assets.
- Interest Rates: When global or local interest rates rise, people tend to invest in fixed-income assets, which can lead to a drop in gold demand, pushing prices down.
Keeping an eye on these factors can help predict gold price trends in India.
Conclusion
To get the latest updates on gold prices, visit Daily Gold Signal. Gold prices change every day, so staying informed can help you make smarter decisions.
