Gold price in India remained relatively stable on Friday, as reported by FXStreet data.
Current Gold Prices in India
The India gold price stood at 7,559.54 Indian Rupees (INR) per gram, showing minimal change compared to Thursday’s rate of INR 7,561.04 per gram. Similarly, gold prices per tola were steady at INR 88,172.64, slightly lower than the previous day’s rate of INR 88,190.49.
Gold Prices Breakdown
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,559.54 |
| 10 Grams | 75,582.92 |
| Tola | 88,172.64 |
| Troy Ounce | 235,128.10 |
How FXStreet Calculates Gold Price in India
FXStreet calculates gold prices in India by converting international gold rates (USD) into INR, adjusting for local currency and measurement units. These rates are updated daily based on market activity at the time of publication. Note that local market rates may vary slightly from these reference prices.
Factors Influencing Gold Prices
Global Market Trends
Gold prices are influenced by global factors such as inflation rates, geopolitical tensions, and central bank policies. Recent global market stability has contributed to the consistent pricing of gold in India.
Exchange Rate Fluctuations
The USD/INR exchange rate plays a critical role in determining gold prices. A stronger rupee can lower the price of gold, while a weaker rupee may cause prices to rise.
Local Demand
Seasonal demand for gold, particularly during festivals and weddings in India, often causes fluctuations in gold prices. However, the current steady prices indicate moderate demand.
Gold Market Observations
Gold rate today have remained steady due to consistent global trends and stable currency exchange rates. This stability offers an opportunity for investors and buyers to assess market conditions.
For more insights into market trends and gold prices, visit Daily Gold Signal. Stay updated with detailed daily gold news on our Daily Gold Update.
