Gold prices in India increased on Friday, according to the latest updates from FXStreet. This rise reflects global trends in the precious metals market, showing steady demand for gold among Indian buyers.
Current Gold Prices in India
The price of gold today stands at 7,690.87 Indian Rupees (INR) per gram, which is higher compared to Thursday’s price of 7,640.13 INR per gram. For larger units, the cost of gold also saw an increase:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,690.87 |
| 10 Grams | 76,909.30 |
| Tola | 89,704.84 |
| Troy Ounce | 239,224.20 |
The price of gold per tola reached 89,704.84 INR, up from 89,108.82 INR recorded the previous day.
How Are Gold Prices in India Calculated?
Gold prices in India are calculated by adjusting international gold prices (USD) to the local currency (INR) and measurement standards. FXStreet uses the daily market exchange rates and international gold prices to estimate these figures. It is important to note that local rates may slightly vary due to additional charges and taxes.
Why Gold Prices Are Rising
Gold prices tend to fluctuate due to several global and local factors:
- Demand and Supply: Higher demand during festivals and weddings boosts prices.
- Currency Rates: Changes in USD/INR exchange rates directly impact gold prices.
- Economic Trends: Global inflation and economic uncertainty often drive investors toward gold as a safe asset.
For more updates on daily gold prices and trends, check the Daily Gold Updates for the latest insights.
Conclusion
Today’s increase in gold prices highlights the ongoing demand and market dynamics for this precious metal in India. Whether you’re a consumer or investor, keeping track of these updates can help you make informed decisions.
For more updates on daily gold prices and trends, check the Daily Gold Updates for the latest insights. For additional details and live updates, visit Daily Gold Signal.
