Local gold prices decline amid adjustments to international USD/INR rates and daily market fluctuations.
Gold prices in India fell on Thursday, trading at INR 13,827.90 per gram, down from INR 13,906.28 the previous day. The price per tola also decreased to INR 161,285.90 from INR 162,200.20.
The decline reflects adjustments based on international gold prices and USD/INR exchange rates. Prices are updated daily and serve as a reference, though local rates may vary slightly.
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.