The price of gold in India rose today, reflecting shifts in international gold markets. According to recent data from FXStreet, the current gold price per gram in India stands at INR 7,514.59, marking an increase from the previous day’s rate of INR 7,500.72. This increase mirrors broader trends in international gold markets as they influence local Indian prices.
Current Gold Rates in India
As of today, the gold rate per tola in India rose to INR 87,648.67 from yesterday’s INR 87,486.93. Here is a breakdown of current gold prices:
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 7,514.59 |
| 10 Grams | 75,145.88 |
| 1 Tola | 87,648.67 |
| Troy Ounce | 233,730.00 |
How India’s Gold Prices Are Determined
FXStreet calculates India gold price by adjusting international gold prices (USD/INR) for local currency rates and Indian measurement units. This daily update ensures that the Indian gold market reflects real-time global fluctuations while catering to local demand.
Why Do Small Changes in Gold Prices Matter?
Even minor changes in gold prices can impact the Indian market. Gold holds a significant place in Indian culture, with strong demand for both jewelry and investment purposes. Today’s slight increase may seem small, but it can influence both daily purchases and larger investment decisions.
Market Implications of Rising Gold Prices
Gold prices, often impacted by international economic factors, serve as a significant indicator for both investors and consumers in India. Today’s slight rise in prices, though modest, highlights an increasing trend that could influence local buying behavior.
For live updates on the gold market, check Daily Gold Signal. This platform also offers resources like the daily gold update for further analysis of trends and price variations.
