What is a Bhori?
A Bhori is a traditional unit of weight used in India, particularly for gold. It is equivalent to 11.6638 grams. It's important to note that the Bhori is not an internationally recognized unit of weight, and it's primarily used in the local jewelry market.
Gold Price in Bhori Today
The price of gold in Bhori fluctuates constantly based on global market conditions. There is no single, universal price for gold in Bhori. To get the current price, you'd need to consult with local jewelers or refer to financial websites that track gold prices.
Factors Affecting Gold Prices in Bhori
Here are some key factors that influence the price of gold in Bhori:
- Global Gold Spot Prices: The global market price for gold, determined by international exchanges like the London Bullion Market Association (LBMA).
- Currency Exchange Rates: The price of gold in Bhori is affected by the exchange rate between the Indian Rupee and other major currencies.
- Local Demand: Demand for gold jewelry in India can influence prices within the Bhori system.
- Import Duties & Taxes: India has taxes and import duties on gold, which can affect local pricing.
Where to Find the Current Gold Price in Bhori?
To find the current price of gold in Bhori, consider these sources:
- Local Jewelers: Check with reputable jewelers in your area.
- Online Gold Price Websites: Look for financial websites that track gold prices and convert them into different units, including Bhori.
- News Sources: Business and financial news outlets often report on gold prices.
Remember, the price of gold in Bhori can change rapidly, so it's essential to get the latest information from reliable sources before making any purchase decisions.