As the world’s leading financial market journalist and investment manager, I bring you the latest updates on gold prices in India. According to data compiled by FXStreet, the price for Gold stood at 6,769.35 Indian Rupees (INR) per gram on Monday, remaining broadly stable compared to Friday’s price of INR 6,774.09.
The price for Gold was also steady at INR 78,956.00 per tola from INR 79,011.67 per tola on Friday. Here is a breakdown of the prices for different units of measurement:
| Unit measure | Gold Price in INR |
|---|---|
| 1 Gram | 6,769.35 |
| 10 Grams | 67,693.19 |
| Tola | 78,956.00 |
| Troy Ounce | 210,549.50 |
At FXStreet, we calculate Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Our prices are updated daily based on market rates at the time of publication, serving as a reference point for investors and enthusiasts alike.
Gold FAQs: Understanding the Precious Metal’s Significance
Gold has a rich history and holds various roles in today’s financial landscape. It serves as a store of value, a medium of exchange, and a safe-haven asset during turbulent times. Central banks, the largest holders of Gold, use it to bolster their reserves and instill trust in their economies.
Gold’s price movements are influenced by factors such as geopolitical instability, interest rates, and the performance of the US Dollar. Understanding these correlations can help investors make informed decisions and navigate the complexities of the gold market.
As an expert in investment management and financial journalism, I provide insights into the world of gold prices and trends, empowering readers to make informed decisions about their finances and investments. Stay tuned for more updates on the ever-evolving world of gold markets.
(An automation tool was used in creating this post.)