Gold prices in India decline by over INR 160 per gram as local rates adjust to international USD/INR movements.
Gold prices in India fell on Tuesday, trading at INR 12,623.95 per gram, down from INR 12,787.61 on Monday. 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 147,243.60 from INR 149,152.10 the previous day. FXStreet compiles these rates by adapting global benchmarks to India’s currency and measurement standards, updating figures daily.
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, per World Gold Council data.