Gold rate in India saw a rise on Friday, with FXStreet data reflecting a notable increase in market rates. This blog covers the latest gold prices in India, breaking down costs per gram, tola, and troy ounce, and highlighting the underlying factors influencing these changes.
Today’s Gold Price in India
As of Friday, the gold price in India climbed to INR 7,439.47 per gram, marking an increase from Thursday’s rate of INR 7,418.85. This price adjustment reflects shifts in both the international gold market and fluctuations in the USD/INR exchange rate.
Gold Price Breakdown (in INR)
Below is the gold price breakdown as per FXStreet data:
- 1 Gram: INR 7,439.47
- 10 Grams: INR 74,395.28
- 1 Tola: INR 86,773.19
- Troy Ounce: INR 231,393.70
The price per tola also rose from INR 86,531.95 to INR 86,773.19. This consistent rise indicates a robust demand for gold in India, as well as the influence of international market trends.
How FXStreet Calculates India Gold Price
FXStreet uses a methodology based on converting international gold prices (in USD) into INR, factoring in daily currency exchange rates and the standard measurements in India. These daily updates provide a close reflection of real-time rates, yet local markets might show slight variations.
Why Gold Prices Vary Locally
FXStreet’s rates are based on global trends but may differ slightly from local Indian rates due to transportation, taxes, and demand variations in different regions. These factors add a degree of flexibility to the prices you may encounter in local stores.
Conclusion
The gold price increase highlights India’s strong demand and global market trends. Keeping updated with daily gold signals can help investors stay informed. For daily updates, check out Daily Gold Signal and the Daily Gold Update category.
