Gold price trends in India have seen a notable increase recently. On Friday, the cost of gold rose, reflecting the latest data from FXStreet. This rise in prices is significant for both investors and consumers, highlighting the fluctuations in gold markets. Let’s explore the current trends and details of gold pricing.
Recent Gold Price Changes
Gold price trends in India increased on Friday, based on FXStreet data. The price per gram is now 6,617.76 INR, up from 6,585.70 INR the previous day. For a tola, the price rose to 77,189.78 INR from 76,816.43 INR.
Gold Prices by Unit Measure
| Unit Measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,617.76 |
| 10 Grams | 66,178.64 |
| Tola | 77,189.78 |
| Troy Ounce | 205,835.60 |
FXStreet’s Methodology
FXStreet calculates gold prices in India by adjusting international gold prices (USD/INR) to local currency and measurement units. The prices are adjusted each day to reflect current market rates. Please note that local rates may vary slightly.
Impact of Gold Price Changes
The rise in gold prices can have several effects:
- Investment Decisions: Investors might adjust their portfolios based on the rise in gold prices, potentially shifting funds into or out of gold assets.
- Consumer Behavior: Higher gold prices can influence consumer buying behavior, affecting both individual purchases and demand for gold jewelry.
- Economic Indicators: Changes in gold prices can also serve as an economic indicator, reflecting broader economic trends and investor sentiment.
For daily updates on gold prices, you can visit the Daily Gold Signal website or check out the Daily Gold Update for more details.
