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 10,385.05 Indian Rupees (INR) per gram, up compared with the INR 10,343.80 it cost on Thursday.

The price for Gold increased to INR 121,129.20 per tola from INR 120,648.10 per tola a day earlier.

Daily market movers: Gold remains heavy as US Dollar strengthens

• US Initial Jobless Claims for the week ending September 13 came in at 231K, below forecasts of 240K and the previous week's upwardly revised 264K. Continuing Claims dipped from 1.939 million to 1.92 million

• The Philadelphia Fed Manufacturing Index in September reached 23.2 from August's -0.3 contraction, exceeding forecasts for a 2.3 improvement. The Philadelphia Fed survey revealed that "Almost 40 percent of the firms reported increases in general activity this month, while 17 percent reported decreases; 43 percent reported no change. The new orders index rose 14 points to 12.4 this month, and the shipments index rose 22 points to 26.1."

• Regarding inflation, the central bank said that it has moved up, remaining "somewhat elevated." The Fed noted that economic growth has moderated over the first half of 2025.

• Meanwhile, the Summary of Economic Projections (SEP) revealed that 50 bps of cuts are expected toward the year's end as the median estimate for the fed funds rate was 3.60%.

• Fed Chair Jerome Powell said that labor demand "has softened," and that inflation remained "somewhat elevated." He added that the balance of risks "shifted," that policy is well-positioned to respond in a timely manner and that the labor market is not solid. When asked about discussions about a 50 bps cut, he said "No widespread support for 50 bps cut today," adding that they are not in a rush to ease policy.

• The US Dollar Index (DXY), which tracks the buck's performance against a basket of six currencies, is up 0.32% at 97.31.

• US Treasury yields are rising steadily with the 10-year Treasury note up one-and-a-half bps at 4.102%. US real yields surged almost two bps to 1.722% at the time of writing.

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.)