India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet.

The price for Gold stood at 8,361.12 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,358.71 it cost on Thursday.

The price for Gold was broadly steady at INR 97,522.43 per tola from INR 97,496.98 per tola a day earlier.

Daily digest market movers: Gold price soars unfazed by a strong US Dollar

• The US 10-year Treasury bond yield erases yesterday's gains, dropping four and a half basis points to 4.270%.

• US real yields, as measured by the US 10-year Treasury Inflation-Protected Securities (TIPS) yield that correlates inversely to Gold prices, climb one basis point to 1.99%.

• The US Dollar Index (DXY), which tracks the Greenback's value against six currencies, recovers 0.27% to 103.85.

• The US Producer Price Index (PPI) for February came in softer than expected, rising 3.2% YoY, below the 3.3% forecast and down from 3.7% in January.

• Core PPI, which excludes volatile components, increased 3.4% YoY, falling short of the 3.5% estimate and easing from 3.6% in the prior month.

• Despite recent cooler-than-expected inflation data, economists caution that tariffs on US imports could lead to a renewed inflationary uptick in the coming months.

• Meanwhile, Initial Jobless Claims for the week ending March 8 edged down to 220K, beating forecasts of 225K and improving from the 222K reported previously.

• On Wednesday, 25% US tariffs on steel and aluminum took effect at midnight as US President Donald Trump is battling to reduce the trade deficit by applying duties on imports.

• Money market futures traders had been priced in 74 basis points of easing by the Federal Reserve (Fed) toward the end of the year.

• The Atlanta Fed GDPNow model predicts the first quarter of 2025 at -2.4 %, which would be the first negative print since the COVID-19 pandemic.

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

(An automation tool was used in creating this post.)