Gold price in India have shown an upward trend, according to the latest updates from FXStreet. This increase reflects the dynamic nature of the gold market influenced by global and domestic factors. Understanding these price movements can help investors and traders make informed decisions.
Current Gold Prices in India
Gold prices in India saw an increase on Monday. FXStreet data revealed that the price for 1 gram of gold rose to ₹7,032.01, up from ₹6,952.83 on Friday. Similarly, the price for a tola increased from ₹81,096.42 on Friday to ₹82,019.95.
Here’s a quick overview of the latest gold prices:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,032.01 |
| 10 Grams | 70,320.07 |
| Tola | 82,019.95 |
| Troy Ounce | 218,720.00 |
How FXStreet Calculates Gold Prices
FXStreet computes gold prices for India by adjusting international prices in US Dollars (USD) to the Indian Rupee (INR). It uses the current exchange rates and adjusts the measurement units accordingly. These calculations are updated daily to provide the most accurate reflection of market trends.
While these gold price in India reliable for reference, local market prices may vary slightly due to additional factors like transportation or demand.
Why Gold Prices Fluctuate
Several factors contribute to fluctuations in gold prices, including:
- Changes in the USD/INR exchange rate.
- International gold market trends.
- Domestic demand during festive and wedding seasons.
- Economic policies and inflation rates.
Monitoring these factors can help investors predict price trends effectively.
For the latest updates on gold price trends, visit Daily Gold Signal. Stay informed about gold updates by exploring Daily Gold Update.
