According to FXStreet data, gold prices in India have increased today. This article will explain the latest prices and what they mean for buyers and investors.
Gold Prices in India Today
Today, the price of gold in India is 7,293.89 INR per gram, higher than yesterday’s price of 7,257.32 INR per gram. The price per tola also increased, now at 85,074.45 INR, compared to 84,647.97 INR the day before.
Gold Prices for Different Units
Here is the price of gold in various units:
| Unit | Price (INR) |
|---|---|
| 1 Gram | 7,293.89 |
| 10 Grams | 72,941.27 |
| Tola | 85,074.45 |
| Troy Ounce | 226,865.30 |
Why Are Gold Prices Rising?
Several factors influence the rise in gold prices:
- Global Market Trends: International gold prices have been increasing due to investor demand and concerns about economic uncertainty.
- USD/INR Exchange Rate: A weakening Indian Rupee against the US Dollar often pushes gold prices higher in India.
- Seasonal Demand: India sees high demand for gold during wedding and festive seasons, contributing to price increases.
How FXStreet Calculates Prices
FXStreet determines gold in India by adjusting international market price to the local currency (USD/INR) and standard measurement units. Prices are updated daily and reflect the latest market rates. However, actual prices in your local market might differ slightly.
What You Need to Know
- Gold prices in India depend on international market trends and the USD/INR exchange rate.
- Prices are updated daily to reflect real-time changes.
- Buyers should check local markets for the exact rates before making a purchase.
Stay Updated
To learn more about gold price trends, visit Daily Gold Signal. For daily updates, check the Daily Gold Update.
