Gold price in India held steady on Wednesday, showcasing minimal changes from the previous day’s rates, as reported by FXStreet. This stability highlights the current trends in the gold market and offers insights for both investors and buyers.
Current Gold Prices in India
As of today, the gold price per gram in India stands at 7,218.12 Indian Rupees (INR). This is a marginal increase compared to 7,217.90 INR per gram recorded on Tuesday.
For larger quantities, the prices are as follows:
- 10 grams of Gold: 72,183.35 INR
- One Tola of Gold: 84,190.05 INR
- One Troy Ounce: 224,504.40 INR
These figures indicate stability across all measurements, reflecting minimal variations in the daily gold market.
How FXStreet Calculates Gold Prices
Gold prices in India, as reported by FXStreet, are derived by converting international gold prices (in USD) into INR. This calculation also takes local measurement units into account. The updates are made daily, based on market rates at the time of publication. While these rates serve as a useful reference, slight variations may occur locally due to market conditions.
Factors Influencing Gold Prices in India
Several factors contribute to the fluctuations and stability of gold prices, including:
- Global Market Trends: International gold prices impact the local rates significantly.
- USD/INR Exchange Rates: Currency exchange rates influence the conversion of gold prices.
- Demand and Supply: Seasonal demand and local market supply also play a critical role.
Importance of Monitoring Gold Prices
Keeping an eye on daily gold price movements is essential for investors, jewelers, and buyers. Stable prices like today’s reflect a steady market, making it an ideal time for investment or purchase.
For more insights and daily updates on gold prices, check out our Daily Gold Signal for in-depth analysis. You can also explore the Daily Gold Updates category for the latest market trends.
