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

Gold prices rose in India on Friday, according to data compiled by FXStreet.

The price for Gold stood at 9,149.95 Indian Rupees (INR) per gram, up compared with the INR 9,122.89 it cost on Thursday.

The price for Gold increased to INR 106,724.40 per tola from INR 106,407.60 per tola a day earlier.

Daily Digest Market Movers: Gold price bears seem reluctant to place aggressive bets amid geopolitical risks

US President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade deal on Thursday that leaves in place a 10% tariff on goods imported from the UK. Adding to this, US Commerce Secretary Howard Lutnick told CNBC that Washington will roll out dozens of trade deals over the next month, though a 10% tariff imposed on most countries will likely stay.

Furthermore, the Trump administration is reportedly considering lowering the tariffs on China to 50% from 145% as soon as next week, which adds to the market optimism and might cap the XAU/USD pair. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet their Chinese counterparts in Switzerland on Saturday to discuss trade and economic issues.

The Federal Reserve indicated on Wednesday that it is not leaning towards cutting interest rates anytime soon despite the increasing uncertainty about the economic outlook. This allows the US Dollar to build on its recent bounce from a multi-year low and climb to a four-week top during the Asian session on Friday, and contributes to driving flows away from the non-yielding Gold price.

Russia and Ukraine both reported attacks on their forces on the first day of a three-day unilateral ceasefire called by Russian President Vladimir Putin. Furthermore, Israel's escalation with Iran-backed Houthis in Yemen and fears of a wider military conflict along the India-Pakistan border keep geopolitical risks in play. This, in turn, could lend some support to the safe-haven precious metal.

A slew of influential FOMC members are due to speak on Friday. Investors will look for more cues about the Fed's future rate-cut path, which, in turn, will play a key role in driving the USD demand and provide a fresh impetus to the commodity, which remains on track to post modest weekly gains.

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.)