Gold in India declines as USD/INR adjustments and daily market rates reduce local prices by over INR 20 per gram.
Gold prices in India fell to INR 13,143.24 per gram on Wednesday, down from INR 13,164.96 the previous day. The decline reflects adjustments based on international USD/INR rates and local market conditions at publication time.
Prices per tola also decreased to INR 153,299.50 from INR 153,553.50 on Tuesday. Daily updates incorporate real-time market rates, though local prices may vary slightly for reference purposes.
Central banks globally added 1,136 tonnes of gold worth $70 billion to reserves in 2022, underscoring its role as a safe-haven asset amid economic uncertainty.