Gold prices in India declined Friday, reflecting adjustments in USD/INR rates and local demand dynamics.
Gold prices in India fell to INR 12,196.92 per gram on Friday, down from INR 12,257.33 the previous day. The decline also saw prices drop to INR 142,267 per tola from INR 142,967.10 on Thursday, driven by fluctuations in international markets and currency exchange rates.
Local gold prices are derived from global USD rates, adjusted for INR conversion and measurement units. Daily updates reflect market conditions at publication, though local rates may vary slightly.
Central banks globally added 1,136 tonnes of gold worth $70 billion to reserves in 2022, underscoring its role as a safe-haven asset amid economic uncertainty.