Gold prices in India decline amid adjusted USD/INR rates, reflecting a broader softening in local demand.
Gold prices in India fell to INR 12,607.38 per gram on Friday, down from INR 12,803.82 the previous day. The decline reflects adjustments based on international USD/INR rates and local market conditions, according to daily pricing data.
Prices per tola also decreased to INR 147,047.30 from INR 149,341.20. The figures are calculated by adapting global gold rates to India’s currency and measurement units, though local rates may vary slightly.
Central banks globally added 1,136 tonnes of gold worth $70 billion to reserves in 2022, underscoring the metal’s role as a safe-haven asset amid economic uncertainty.