Gold prices fell in India on Friday, according to data compiled by FXStreet.
The price for Gold stood at 6,520.12 India n Rupees per gram, down compared with the INR 6,574.43 it cost on Thursday. The price for Gold decreased to INR 76,048.16 per tola from INR 76,682.83 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 6,520.12 10 Grams 65,202.19 Tola 76,048.16 Troy Ounce 202,801.10 FXStreet calculates Gold prices in India by adapting international prices to the local currency and measurement units.
High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
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