Gold price in India rose on Friday, following the latest market data from FXStreet. The price per gram of gold climbed to ₹7,226.99, up from ₹7,173.99 on Thursday. Similarly, the price of one tola rose from ₹83,676.01 to ₹84,294.86.
Latest India Gold Price
Gold prices have increased across all measurement units. Here’s the updated price table in Indian Rupees (INR):
| Measurement Unit | Gold Price (INR) |
|---|---|
| 1 Gram | ₹7,226.99 |
| 10 Grams | ₹72,270.47 |
| Tola | ₹84,294.86 |
| Troy Ounce | ₹224,784.80 |
How FXStreet Updates India Gold Price Today
FXStreet calculates India’s gold prices using international market rates and the USD/INR exchange rate. These figures are converted to local measurement units like grams and tolas. While these prices are accurate to global trends, slight differences may occur locally.
Factors That Affect Gold Prices
The price of gold in India depends on several key factors:
- Global Prices: Changes in international gold rates directly influence Indian rates.
- Currency Exchange Rates: A fluctuating USD/INR rate impacts the gold price.
- Local Market Demand: Festive seasons and weddings often push prices higher.
Gold: A Timeless Asset
Gold carries great cultural and financial importance in India. Apart from being used in jewelry, it’s a popular investment option due to its ability to retain value during economic uncertainty. As global inflation rates rise and currencies fluctuate, gold remains a reliable asset for long-term savings and wealth preservation.
Stay updated on gold prices by visiting Daily Gold Signal. For detailed insights and analysis, explore FXStreet’s Daily Gold Update.
Keep an eye on market trends to make informed decisions about gold investments or purchases.
