Gold price in India dropped on Monday, according to data from FXStreet. This price change is important for anyone buying or selling gold.
In this article, we will explain the latest gold prices in India and how they’ve changed recently. We’ll also break things down into simple numbers so it’s easy to understand.
How Gold Prices Changed on Monday
Gold price in India were lower on Monday. The price of gold was INR 7,246.08 per gram, down from INR 7,285.18 on Friday. The price for one tola of gold also dropped to INR 84,516.86 from INR 84,972.85 on Friday.
Here are the latest gold prices in different units:
| Unit | Gold Price in INR |
|---|---|
| 1 Gram | 7,246.08 |
| 10 Grams | 72,461.08 |
| 1 Tola | 84,516.86 |
| 1 Troy Ounce | 225,378.50 |
How FXStreet Calculates Gold Prices
FXStreet calculates gold prices by converting global prices into Indian Rupees (INR) using the USD/INR exchange rate. This means the gold prices are updated to reflect the world market but could vary slightly based on local factors.
Why Gold Prices Change Every Day
Gold prices change daily based on the latest market conditions. These changes are updated regularly, so you always know the most accurate price. However, the price at local markets may differ slightly due to taxes or demand.
Why Investors Should Keep an Eye on Gold Prices
For investors, keeping track of gold prices is essential for making informed decisions. Gold is often used as a hedge against inflation or economic instability, and it can help diversify an investment portfolio. By understanding the daily price movements, investors can make the right decision on when to buy or sell gold.
For those considering investing in gold, it’s important to keep an eye on both the global price and the local price to understand the broader trends. FXStreet and other price tracking services make this easier by providing daily updates on gold prices.
For daily updates on gold prices, visit Daily Gold Update. You can also find more information on gold trading at Daily Gold Signal.
