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 9,219.75 Indian Rupees (INR) per gram, down compared with the INR 9,243.10 it cost on Wednesday.

The price for Gold decreased to INR 107,537.80 per tola from INR 107,811.00 per tola a day earlier.

Daily digest market movers: Gold price climbs as US yields and US Dollar advanced

Gold rally is set to remain, as data revealed by the World Gold Council said that central banks added 20 tonnes of the yellow metal in May, with Kazakhstan leading the way. The National Bank of Kazakhstan reported 7 tonnes, followed by the Central Bank of Turkey, which reported 6 tonnes, and the National Bank of Poland.

Bullion edges higher even as US Treasury yields rise. The 10-year US Treasury note is yielding 4.296%, a five-basis-point increase. US real yields, which are calculated by subtracting inflation expectations from the nominal yield, are also moving up close to six basis points to 2.006%.

The ADP Employment Change report for June showed that private companies decreased hiring by 33,000 in June, well below estimates of 95,000. The report showed that service providers reduced payrolls by 66,000 in June due to declines in professional and business services.

The approval of US President Donald Trump's "One Big Beautiful Bill" is in doubt as House Republican hardliners are eyeing modifications to the bill, which Trump wants signed by July 4.

Trump announced a trade deal with Vietnam, under which US products could be exported with 0% tariffs. In contrast, the US imposed a 20% tariff on Vietnam's goods and 40% duties on transshipment.

Federal Reserve Chair Jerome Powell revealed that policy is modestly restrictive and added that he can't say if July is too early to cut rates, though he wouldn't rule anything out. He said that if not for President Donald Trump's tariffs, the US central bank probably would have cut rates further.

Money markets suggest that traders are pricing in 63.5 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.)