Domestic gold prices in India decline slightly amid adjusted USD/INR rates and daily market updates.
Gold prices in India fell on Friday, reaching INR 14,058.76 per gram, down from INR 14,103.21 on Thursday. The decline also saw prices drop to INR 163,980.50 per tola from INR 164,498.80 the previous day.
Local prices are derived from international gold rates adjusted for USD/INR exchange fluctuations and local measurement units. Daily updates reflect market rates at publication time, though local variations may occur.
The precious metal remains a key safe-haven asset and inflation hedge, with central banks increasing reserves by 1,136 tonnes worth $70 billion in 2022.