Local gold prices decline as USD/INR adjustments reflect softer international rates, FXStreet data shows.
Gold prices in India fell on Tuesday, reaching INR 14,560.78 per gram, down from INR 14,589.66 on Monday. The decline mirrors a drop in international rates adjusted for USD/INR exchange movements and local measurement units.
Prices per tola also decreased to INR 169,834.20 from INR 170,170.90 the previous day. FXStreet updates these figures daily based on market rates 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.