Local gold prices decline as USD/INR adjustments reduce costs for Indian buyers amid daily market updates.
Gold prices in India fell to INR 12,113.27 per gram on Thursday, down from INR 12,126.47 the previous day. The decline reflects adjustments based on international gold rates and USD/INR exchange movements.
Prices per tola also decreased to INR 141,287.80 from INR 141,440.80. FXStreet compiles these figures daily, adapting global benchmarks to local currency and units. Local rates may vary slightly from published reference prices.
Central banks globally added 1,136 tonnes of gold worth $70 billion to reserves in 2022, underscoring demand for the metal as a safe-haven asset.