The gold price today in India reached 6,395.47 Indian Rupees (INR) per gram, compared to INR 6,366.80 on Wednesday.
1.1 Gold Prices by Weight
- 1 Gram: 6,395.47 INR
- 10 Grams: 63,954.71 INR
- 1 Tola: 74,595.51 INR
- 1 Troy Ounce: 198,921.50 INR
The gold price today increased to INR 74,595.51 per tola from INR 74,261.05 per tola a day earlier.
2. Price Calculation
FXStreet calculates the gold price today in India by converting international prices (USD/INR) to the local currency and units.
Prices are refreshed daily in accordance with market rates at the time of release.
3. Reference Prices
Prices are for reference and may slightly differ from local rates.
Factors Influencing Gold Prices
Several factors influence gold prices, including:
- Global Economic Conditions: Economic instability and geopolitical tensions often drive investors to gold as a safe haven.
- Inflation Rates: Higher inflation rates typically lead to higher gold prices as the metal acts as a hedge against inflation.
- Currency Fluctuations: Changes in the value of the Indian Rupee against the US Dollar can impact gold prices in India.
- Supply and Demand: The availability of gold and the demand for it in various industries, including jewelry and technology, affect prices.
- Central Bank Policies: Central banks’ buying or selling of gold can influence its market price.
4. Reasons to Invest in Gold
Gold has been valuable throughout history, widely used as a store of value and medium of exchange. Besides its appeal in jewelry, gold is considered a safe-haven asset during turbulent times. It serves as a hedge against inflation and currency depreciation, being independent of any issuer or government.
Conclusion
Gold continues to be a reliable investment option, providing safety during economic instability. Keeping track of daily gold price updates is essential for making informed investment decisions.
For daily updates, visit Daily Gold Signal. Check out the daily gold updates for more information.
