Spot gold in India rises 1.5% day-over-day as USD/INR adjustments lift domestic rates, FXStreet data shows.
Gold prices in India advanced to INR 12,635.95 per gram on Wednesday, up from INR 12,450.08 the previous session. The increase reflects adjustments to international gold rates using the USD/INR exchange rate and local measurement units.
Prices per tola also rose to INR 147,364.90 from INR 145,215.30 on Tuesday. FXStreet updates domestic gold rates daily based on prevailing market rates at publication time, though local prices may vary slightly.
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 and hedge against inflation.