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

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

The price for Gold stood at 9,001.15 Indian Rupees (INR) per gram, down compared with the INR 9,038.44 it cost on Wednesday.

The price for Gold decreased to INR 104,990.70 per tola from INR 105,422.60 per tola a day earlier.

Gold daily market movers: Bullion retreats on strong US Dollar and high US yields

US Treasury bond yields are rising as the 10-year Treasury note yield increases by four and a half basis points (bps) to 4.493%. Meanwhile, US real yields also advance four bps at 2.171%.

The US Dollar Index (DXY), which tracks the buck's value against a basket of six currencies, rises over 0.33% to 99.89, fueled by an improvement in Consumer Confidence data, which grew the most in four years, revealed the Conference Board .

New York Fed President John Williams said that inflation expectations are well-anchored and added that he wants to avoid inflation becoming highly persistent, as that could become permanent.

Data revealed that Gold imports to Switzerland from the US rose to its highest level since at least 2012 in April.

Besides this, Reuters revealed that "China's net gold imports via Hong Kong more than doubled in April from March, and were the highest since March 2024, data showed."

Money markets suggest that traders are pricing in 45 basis points of easing toward the end of the year, according to Prime Market Terminal data.

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.)