Gold prices in India decline by over INR 138 per tola as local rates adjust to international USD/INR movements.
Gold prices in India fell on Wednesday, reaching INR 12,397.88 per gram, down from INR 12,536.40 the previous day. The decline reflects adjustments based on international gold prices and USD/INR exchange rates, according to local market data.
The price per tola also decreased to INR 144,611.40 from INR 146,222.10 on Tuesday. FXStreet compiles these rates daily, adapting global benchmarks to India’s currency and measurement standards. Local prices may vary slightly due to regional factors.
Gold remains a key safe-haven asset and hedge against inflation, with central banks increasing reserves by 1,136 tonnes worth $70 billion in 2022, per World Gold Council data.