Local gold prices decline as USD/INR adjustments reflect weaker international rates, according to daily market data.
Gold prices in India fell to INR 12,484.01 per gram on Thursday, down from INR 12,520.64 the previous day. The decline mirrors adjustments based on international gold rates and USD/INR exchange movements.
Prices per tola also dropped to INR 145,611.00 from INR 146,038.30. Daily updates reflect 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 its role as a safe-haven asset and hedge against inflation.