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 10,374.22 Indian Rupees (INR) per gram, up compared with the INR 10,310.63 it cost on Thursday.

The price for Gold increased to INR 121,003.20 per tola from INR 120,257.00 per tola a day earlier.

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

• The US CPI in August increased from 2.7% to 2.9% YoY, as expected by estimates. Meanwhile, the Core CPI print remained steady at 3.1% YoY, aligned with projections and unchanged from July's figures. Market's reaction was muted, as Fed odds for rate cuts remained unchanged.

• Initial Jobless Claims for the week ending September 6 surged from 237K in the previous print to 263K, crushing forecasts of 235K.

• Following the Fed Chair Powell's speech at Jackson Hole, when he addressed that they would prioritize maximum employment over inflation, suggests that next week's cut is fully priced in.

• Gold price rally is poised to continue rising, up so far 38.52% in year-to-date figure, as US President Donald Trump cut taxes, escalated the trade war and posed threats to the Fed's independence.

• The US Dollar Index (DXY), which tracks the buck's performance against a basket of six currencies, is down 0.22% at 97.59.

• US Treasury yields are falling, with the 10-year Treasury note down two and a half basis points (bps) to 4.019%. US real yields--calculated by subtracting inflation expectations from the nominal yield--have decreased nearly three basis points to 1.669% at the time of writing.

• The Bureau of Labor Statistics (BLS) revised down its annual benchmark payrolls to -911K for the 12 months through March 2025, exceeding economists' estimates of -682K, according to Bloomberg.

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.)