Gold prices in India remained stable on Wednesday, according to information from FXStreet. The current rate for gold in the country is nearly unchanged compared to the previous day, showing little fluctuation.
As of today, the price for one gram of gold stands at ₹7,140.92, slightly up from ₹7,137.65 recorded on Tuesday. Similarly, the price of gold per tola (an Indian unit of measurement) increased marginally, priced at ₹83,290.33, compared to ₹83,252.11 from the previous day.
India Gold Price Breakdown
- 1 Gram: ₹7,140.92
- 10 Grams: ₹71,409.24
- 1 Tola: ₹83,290.33
- 1 Troy Ounce: ₹222,107.70
How Gold Prices Are Calculated
The gold price in India is calculated based on the international market rates. FXStreet adapts global prices, specifically the USD/INR exchange rate, into the local currency (INR) and measurement units. This method ensures that prices reflect global trends, but slight differences in local markets are possible due to various factors.
Gold prices are updated daily based on real-time market data, providing a close reference for those tracking precious metal rates. However, it is essential to note that local market prices may differ from the reported rates due to variations in supply, demand, and other factors.
Why Gold Prices Are Important
Gold has long been deeply valued in India, both culturally and economically. It serves not only as an investment but also plays an essential role in traditions and ceremonies. Tracking gold prices helps investors make informed decisions, particularly during periods of market volatility.
For the latest gold updates and market movements, you can visit the Daily Gold Signal. For more detailed daily gold price analysis, you can check the Daily Gold Update section.
Conclusion
Gold prices in India remain relatively stable today, with only slight adjustments compared to yesterday’s rates. For those keeping an eye on the gold market, daily updates help understand the trends and market movements.
