Domestic gold prices in India fell Monday, tracking lower international rates adjusted for USD/INR exchange movements.
Gold prices in India declined to INR 13,273.12 per gram on Monday, down from INR 13,295.33 on Friday. The drop reflects adjustments to international gold rates using the USD/INR exchange rate and local measurement units.
Prices per tola also fell to INR 154,817.00 from INR 155,074.10 over the same period. FXStreet compiles daily rates based on market data at publication time, though local prices may vary slightly.
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.