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 10,302.66 Indian Rupees (INR) per gram, down compared with the INR 10,322.88 it cost on Wednesday.

The price for Gold decreased to INR 120,168.20 per tola from INR 120,404.00 per tola a day earlier.

Daily market movers: Gold edges up as US inflation ticks lower

The US PPI in August witnessed a dip from 3.1% to 2.6% YoY. Core PPI came at 2.8% YoY, down from 3.4% downward revised in July. Pricing of rate cuts by the Federal Reserve, tilted 1 basis points dovishly. Meanwhile, the US Dollar Index (DXY), which tracks the buck's performance against a basket of six currencies, is flat at around 97.75.

US Treasury yields are falling, with the 10-year Treasury note down four basis points (bps) to 4.045%. US real yields--calculated by subtracting inflation expectations from the nominal yield--have decreased nearly four basis points to 1.685% at the time of writing.

US inflation data will be announced this week. On Thursday, traders await the US CPI, which is expected to increase from 2.7% to 2.9% YoY on Thursday. Core CPI, excluding volatile items, is expected to hold steady at 3.1% YoY.

The Bureau of Labor Statistics (BLS) revised down its annual benchmark payrolls to -911K for March 2025, exceeding economists' estimates of -682K, according to Bloomberg.

Regarding geopolitics Poland shot down Russian drones that crossed into its territory during Russia's latest massive air strike on Ukraine. Poland called it an "act of aggression," and the Polish Prime Minister said the violation is an intentional provocation from Moscow.

Chinese official data revealed that the People's Bank of China (PBoC) extended its buying streak to a 10 straight month in August.

Expectations that the Federal Reserve will cut rates next week 25 bps are at 90%. The chances for a 50 bps are slim at 10%, revealed Prime Market Terminal interest rate probabilities tool

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.)