India Gold price Friday: Gold rises, according to FXStreet data

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India Gold price Friday: Gold rises, according to FXStreet data
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Gold prices rose in India on Friday, according to data compiled by FXStreet.

The price for Gold stood at 6,384.51 Indian Rupees per gram, up compared with the INR 6,364.80 it cost on Thursday. The price for Gold increased to INR 74,467.65 per tola from INR 74,237.83 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 6,384.51 10 Grams 63,845.36 Tola 74,467.65 Troy Ounce 198,580.50 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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