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India gold price saw a rise on Thursday, according to recent data from FXStreet.
The cost of gold price stood at 7,257.13 Indian Rupees (INR) per gram, a slight increase from 7,235.03 INR recorded on Wednesday.
Similarly, the price for gold per tola increased from 84,387.91 INR to 84,645.79 INR within a single day.
Gold Price Trends in India
Gold prices in India are influenced by several factors, including international rates, currency exchange fluctuations (USD to INR), and market demand. As seen this week, slight price increases reflect a positive market trend.
Why Gold Prices Are Rising:
- Global Demand: Increased global demand for gold price update has led to higher prices.
- Economic Factors: Investors consider gold a safe haven, particularly during economic uncertainties.
- Currency Dynamics: Gold prices in India are heavily influenced by the USD-INR exchange rate.
Unit Measures and Gold Price
- 1 Gram: 7,257.13 INR
- 10 Grams: 72,571.34 INR
- Tola: 84,645.79 INR
- Troy Ounce: 225,722.30 INR
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Importance of FXStreet Data for Gold Pricing
FXStreet’s comprehensive data on gold pricing offers investors and buyers an accurate benchmark. Updated daily, it provides an overview of the market, helping people make informed decisions. These prices adapt international rates to local Indian contexts, ensuring relevance for buyers and sellers alike.
Conclusion
Gold price in India have shown a slight upward trend this week, offering valuable insights for investors and buyers. Keeping track of daily rates through reliable sources like Daily Gold Signal can help you make smarter financial decisions. To dive deeper into daily trends, visit Daily Gold Update.
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