Local gold prices in India rise on Tuesday, reflecting higher international rates adjusted for USD/INR exchange movements.
Gold prices in India increased to INR 13,832.82 per gram on Tuesday, up from INR 13,766.94 the previous day. The rise mirrors adjustments based on international gold rates and USD/INR currency fluctuations.
Prices per tola also climbed to INR 161,341.70 from INR 160,574.90 on Monday. Local rates are derived from global benchmarks, updated daily to reflect market conditions at publication time.
Gold remains a key safe-haven asset and hedge against inflation, with central banks adding 1,136 tonnes worth $70 billion to reserves in 2022.