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 9,297.71 Indian Rupees (INR) per gram, down compared with the INR 9,313.37 it cost on Wednesday.

The price for Gold decreased to INR 108,443.00 per tola from INR 108,629.30 per tola a day earlier.

Gold daily market movers: XAU/USD soars as US Treasury yields plummet, weighing on the US Dollar

Gold price rallies as the US Dollar dives. The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six currencies, fell 0.44% down to 98.81.

US Treasury bond yields are falling. The US 10-year Treasury yield plunges 7.5 basis points to 4.383%. US real yields have followed suit and are also down by the same amount at 2.063%, a tailwind for Bullion prices.

The ADP National Employment Change figures for May rose by 37K, missing estimates of 110K and below the previous month's revised 60K print.

The ISM Services PMI tumbled from 51.6 in April to 49.9 in May, below forecast of 52.0.

Money markets suggest that traders are pricing in 54 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.)