Gold Price refers to the current market value of gold, quoted in Indian Rupees (INR) per gram or per 10 grams for the Indian market.

Key gold price references: 1. IBJA Rate: Indian Bullion and Jewellers Association rate - most widely used 2. MCX Gold: Multi Commodity Exchange gold futures price 3. International Gold: London spot price in USD, converted to INR

Gold price affects SGBs in several ways: - Fair value of SGB is derived from gold price - Maturity redemption value is based on gold price - Higher gold price = higher SGB value

Factors affecting gold price: - US Dollar strength (inverse relationship) - Global economic uncertainty (safe haven demand) - Central bank policies - Inflation expectations - Jewelry/industrial demand