Gold prices in India rose on Friday, supported by currency fluctuations, geopolitical tensions, and a surge in investment demand despite economic uncertainties, according to FXStreet data and industry reports.
Gold prices in India edged higher on Friday, with FXStreet data showing the metal at INR 13,072.48 per gram, up from INR 12,986.65 on Thursday. The benchmark price for 10 grams rose to INR 130,723.20, while a tola increased to INR 152,472.70 and a troy ounce to INR 406,597.90.
FXStreet said its daily figures are derived by translating international gold prices into rupees and local Indian units, based on the exchange rate at the time of publication. The outlet also noted that local retail rates can vary slightly, depending on market conditions and dealer pricing.
The move comes after a volatile year for India’s gold market. The World Gold Council said in a June update that domestic prices had risen about 13.2% so far in 2026, helped by a 9% import duty increase and a 5.3% fall in the rupee. Earlier, in February, the council reported that Indian prices had hit record highs, with a weaker dollar, geopolitical tensions and strong exchange-traded fund inflows all supporting demand.
That backdrop helped lift overall consumption in the first quarter of 2026. According to the World Gold Council, India’s gold demand rose 10% year on year to 151 tonnes in the period, led by investment demand. The group said that despite pressure on jewellery buying from inflation and broader economic strains, investors were likely to keep supporting the market.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
