Gold price in India saw an upward movement on Wednesday, based on data from FXStreet. The price of gold per gram increased to 7,206.53 Indian Rupees (INR), a slight rise from Tuesday’s 7,195.18 INR per gram. Similarly, the price for a tola of gold increased to 84,055.55 INR from the previous day’s price of 83,923.16 INR.
Overview of Gold Price in India Today
Gold prices vary in India depending on the unit of measurement. Here’s a quick breakdown:
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 7,206.53 |
| 10 Grams | 72,066.12 |
| Tola | 84,055.55 |
| Troy Ounce | 224,150.00 |
Factors Affecting Gold Price in India Today
FXStreet data calculates Indian gold prices by factoring in the international market prices of gold in USD and adjusting for the INR/USD exchange rate. These prices are updated daily to reflect the latest market trends. However, it’s essential to note that the prices quoted are indicative and may slightly differ from local market rates.
Why Gold Prices Fluctuate
Gold prices in India, as in many other countries, fluctuate due to several factors. These include changes in the global gold market, currency exchange rates, and local market conditions. The price movements are often influenced by geopolitical events, inflation concerns, and monetary policies. Gold continues to be a valuable asset for investors, offering a hedge against inflation and currency fluctuations.
Conclusion
Gold prices today show a steady rise, reflecting the current market dynamics. You can stay updated with daily gold price movements by visiting Daily Gold Signal for reliable insights. For detailed updates on daily gold prices, check out the daily gold update category for in-depth analysis.
