Gold prices in India stayed largely stable today, reflecting consistency in the market. According to recent data from FXStreet, gold prices on Monday showed minimal movement compared to last Friday. This stability highlights how global market conditions and currency rates influence the price of gold in India.
Current Gold Prices in India
As per the latest data, gold is priced at INR 7,180.53 per gram, which shows a slight dip from Friday’s INR 7,182.37. When comparing the price per tola, which is a common measurement in India, it is INR 83,752.31 today, compared to INR 83,773.75 on Friday.
Below is the table showcasing current prices of gold in different measurement units:
| Unit | Gold Price in INR |
|---|---|
| 1 Gram | 7,180.53 |
| 10 Grams | 71,805.31 |
| Tola | 83,752.31 |
| Troy Ounce | 223,338.00 |
These prices are updated regularly to reflect real-time market conditions and currency fluctuations, ensuring that investors and buyers stay informed.
How Gold Prices are Calculated
FXStreet compiles the price of gold in India by adjusting international prices (USD/INR) to match local currency rates and measurement units. This calculation allows for an accurate reflection of how the global gold market impacts the Indian price. However, it’s important to note that prices may slightly differ locally due to various market factors, such as demand and location.
Gold is a valuable asset, and keeping track of its prices is crucial for investors looking to make informed decisions. For regular updates and daily insights on gold prices, visit the daily gold updates section.
Why Gold Price Remains Stable?
One reason behind this steady trend could be the balance between global market conditions and domestic demand. Factors such as geopolitical events, inflation rates, and changes in currency value all play a part in determining gold prices. Moreover, investors often turn to gold as a safe investment during uncertain economic times.
For detailed analysis and gold trading signals, you can explore the resources at Daily Gold Signal.
