Gold price in India increased on Friday, as highlighted by recent data from FXStreet. The value of gold experienced a notable rise compared to the previous day, reflecting global market trends and domestic currency adjustments.
Gold Rates in India: Latest Gold Price Update
As per FXStreet data, gold prices in India climbed to 7,327.90 Indian Rupees (INR) per gram on Friday. This marks an increase from 7,310.66 INR recorded on Thursday. The price per tola also rose, moving up to 85,472.13 INR, compared to 85,270.09 INR from the day before.
Detailed Analysis of Today Gold Price in India
| Unit Measure | Gold Price (INR) |
|---|---|
| 1 Gram | 7,327.90 |
| 10 Grams | 73,277.91 |
| Tola | 85,472.13 |
| Troy Ounce | 227,923.30 |
These figures highlight daily updates based on FXStreet’s calculations. Local gold price may vary slightly due to regional factors and other market conditions.
Understanding Gold Price Calculation in India: Methods and Factors
Gold prices in India are derived from international gold prices, with adjustments for the USD to INR exchange rate. FXStreet data updates the values daily, ensuring they reflect the latest market trends. However, slight differences can occur due to local taxes or dealer-specific charges.
Factors Influencing Gold Prices
- International Trends: Global gold rates play a significant role in determining domestic prices.
- Currency Exchange Rates: Fluctuations in the USD to INR rate affect gold’s value in India.
- Market Demand: Seasonal demand or economic factors influence local pricing.
Staying informed about gold prices can help buyers make well-timed decisions, whether for investment or personal use.
Conclusion: Stay Updated on Gold Prices
Monitoring gold price trends is crucial for both investors and buyers. You can find daily updates and insights on gold market trends at Daily Gold Signal to make informed decisions. For comprehensive updates, visit their Gold Updates category regularly.
