India gold price today remained mostly unchanged on Monday, according to FXStreet data.
Current India gold price
As of Monday, the price of gold stood at 6,237.85 Indian Rupees (INR) per gram. This was nearly the same as Friday’s price of 6,239.41 INR per gram. For a tola of gold, the price was 72,757.09 INR, slightly down from 72,775.23 INR on Friday.
Gold Price Table
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,237.85 |
| 10 Grams | 62,378.52 |
| Tola | 72,757.09 |
| Troy Ounce | 194,018.20 |
Factors Influencing Gold Prices
Several factors affect gold prices in India. These include global economic trends, currency exchange rates, and local demand and supply dynamics. International gold prices and the USD/INR exchange rate play a significant role in determining local gold prices.
Investment Trends in Gold
Investing in gold is a popular choice in India. Many view gold as a safe investment during economic uncertainty. Gold is also a traditional gift during festivals and weddings. The steady price trend may encourage more investments in gold.
Importance of Staying Updated
It’s crucial to stay updated on gold prices for making informed investment decisions. Daily updates help you track price trends and understand market dynamics better. Reliable sources like FXStreet provide accurate and timely gold price data.
How FXStreet Calculates Prices
FXStreet calculates gold prices in India by adjusting international prices (USD/INR) to the local currency and measurement units. These prices are updated daily based on market rates at the time of publication. Keep in mind that local rates might vary slightly.
Understanding Gold Measurement Units
In India, gold is commonly measured in grams, tolas, and troy ounces. One tola is approximately 11.66 grams, while a troy ounce is about 31.1 grams. Knowing these conversions helps in understanding price comparisons across different units.
For more detailed updates on gold prices, visit Daily Gold Signal. For daily gold updates, check this link.
