In a day of varying patterns, the price of gold in India remained stable, with the fundamental rate for 10 grams being around Rs 70,000. 

The gold market influences the gold rate in India. When international markets are unstable, investors frequently gravitate to gold as a safe-haven asset, driving up its value. 

Demand for gold jewellery during festivals and weddings can generate variations in the gold price. Supply disruptions or increases in import levies might impact local gold prices.

Global tensions, economic uncertainty, fluctuations in the value of the US dollar, and central bank policies affect the overall sentiment in the gold market.

Government policies related to import duties, taxes, and regulations on gold imports directly impact its price in India.