Gold price in India remained stable on Tuesday, showing minimal change compared to the previous day’s rates. According to the latest data from FXStreet, the price of gold per gram stood at INR 7,247.54, maintaining a steady position from Monday’s INR 7,242.02.
Latest Gold Price Data in India
The price of gold for different units is as follows:
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 7,247.54 |
| 10 Grams | 72,471.84 |
| Tola | 84,530.69 |
| Troy Ounce | 225,423.80 |
On a tola basis, gold prices slightly rose to INR 84,530.69 from INR 84,469.55 recorded on Monday. This shows a marginal increase but indicates a steady market trend overall.
How Gold Prices Are Calculated in India
Gold prices in India are determined by adapting international market prices (USD/INR) to the local currency and measurement standards. FXStreet updates these rates daily to reflect real-time market fluctuations. However, it is important to note that local rates may slightly differ due to regional market variations and demand.
Factors Influencing Gold Prices
- Global Trends: International market trends and global demand directly affect local gold prices.
- Currency Exchange Rates: Variations in the USD/INR exchange rate also impact the calculation of gold prices in India.
- Local Demand and Taxes: Regional demand and import duties may lead to slight differences in local pricing.
For daily updates on gold prices, visit Daily Gold Signal. For detailed insights into gold market trends, check out their Daily Gold Update.
Conclusion
Gold prices in India have shown consistency, reflecting a balanced global market trend. Regular monitoring of gold rates helps investors make informed decisions, especially in volatile market conditions.
