Gold prices in India remained stable on Friday, as per the latest data from FXStreet. The precious metal showed minimal fluctuations, reflecting a steady market trend. This article delves into the current gold rates, measurement units, and factors influencing the market. Stay informed with the latest updates on gold prices in India.
Current Gold Prices in India
The price of gold in India stood at 8,169.59 Indian Rupees (INR) per gram. This rate is almost unchanged from the previous day’s price of INR 8,175.81 per gram. The stability in prices indicates a balanced market with no significant shifts.
Gold Prices by Measurement Units
Gold prices vary based on the unit of measurement. For instance, the price per tola was INR 95,286.45, slightly lower than INR 95,361.08 a day earlier. Here’s a breakdown of gold prices in different units:
- 1 Gram: INR 8,169.59
- 10 Grams: INR 81,693.88
- Tola: INR 95,286.45
- Troy Ounce: INR 254,097.70
How FXStreet Calculates Gold Prices
FXStreet determines gold prices in India by converting international prices (USD/INR) into the local currency. The rates are updated daily based on market conditions at the time of publication. It’s important to note that local rates may vary slightly from these reference prices.
Factors Influencing Gold Prices
Several factors contribute to the stability or fluctuation of gold prices. These include global market trends, currency exchange rates, and local demand. Grasping these factors enables investors to make well-informed and strategic decisions.
Why Monitor Gold Prices?
Keeping an eye on gold prices is crucial for investors and buyers. It helps in timing purchases and understanding market trends. For the latest updates, visit Daily Gold Signal.
Conclusion
Gold prices in India remain steady, reflecting a balanced market. By staying updated with reliable sources like Daily Gold Signal, you can make informed decisions. For more detailed insights, check out the Daily Gold Update.
