1 oz to Grams Gold Price in India
Understanding Gold Prices in India
Gold is a highly valued precious metal in India, and its price can fluctuate constantly. The price of gold in India is usually quoted in terms of 10 grams, but sometimes it's useful to know the price in ounces (oz) and grams. In this article, we'll explore the conversion of 1 oz to grams and its equivalent gold price in India.
What is 1 oz equivalent to in Grams?
One troy ounce (oz) is equivalent to 31.1034768 grams. To convert 1 oz to grams, you can multiply 1 by 31.1035. So, 1 oz is equal to approximately 31.1 grams.
Gold Price in India
The gold price in India varies depending on the purity of the gold, location, and other market factors. The prices mentioned below are approximate and may vary depending on the current market conditions.
- 22-karat gold: ₹45,000 - ₹50,000 per 10 grams
- 24-karat gold: ₹50,000 - ₹55,000 per 10 grams
Gold Price in India per Ounce and Grams
Using the conversion rate of 1 oz to grams, we can calculate the approximate gold price in India as follows:
- 1 oz (31.1 grams) of 22-karat gold: ₹139,500 - ₹155,000
- 1 oz (31.1 grams) of 24-karat gold: ₹155,000 - ₹170,000
Conclusion
In India, gold is a highly valued precious metal, and its price can fluctuate constantly. Understanding the conversion of 1 oz to grams and its equivalent gold price in India can help you make informed decisions when buying or selling gold. Remember to check the current market prices and purity of gold before making any transactions.
