Local gold rates decline as USD/INR adjustments reflect softer international prices, FXStreet data shows.
Gold prices in India fell on Thursday, reaching INR 12,458.01 per gram, down from INR 12,504.69 the previous day. The decline extended to INR 145,311.70 per tola, compared with INR 145,852.20 on Wednesday.
The drop follows adjustments based on international gold prices and USD/INR exchange rates. Prices are updated daily using market rates at publication time but may vary slightly across local markets.
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.