FXStreet’s India gold reference slipped 0.70% on Friday, but the quote is a currency-converted estimate that differs from the latest dated Indian bullion association rates and an exchange futures snapshot.
FXStreet’s page, timestamped 12:35 a.m. ET (04:35 UTC) Friday, put the figure at ₹12,227.85 per gram, down from ₹12,314.31 a day earlier. That is a decline of about 0.70%, based on the two figures. The same estimate was listed at ₹122,278.50 per 10 grams. It is FXStreet’s own reference calculation, not an official Indian benchmark.
The page says FXStreet starts with an international gold price and the dollar-rupee exchange rate, then converts those inputs into a reference expressed in Indian currency and units. It cautions that local market prices can differ, so the figure is not a confirmed selling price for buyers in India.
The India Bullion and Jewellers Association (IBJA) portal listed Oct. 29 as the latest dated session in its displayed rate history. For 999-purity gold, it showed ₹142,144 per 10 grams for the morning rate and ₹142,255 for the afternoon rate. IBJA says its rates exclude goods and services tax (GST) and making charges; the displayed history had no dated Oct. 30 rate.
At 12:43 a.m. ET (04:43 UTC) Friday, Livemint’s market-data page showed MCX gold futures at ₹141,835, down 0.53% from ₹142,596. The snapshot gives a separate exchange-traded futures reading, while FXStreet’s figure is a currency conversion. The two figures therefore do not represent like-for-like price points.
Both Friday readings were lower, but they track separate market measures, and the latest IBJA rates available were dated a day earlier. For readers following India’s gold market, that distinction matters: the FXStreet figure cannot stand in for an Oct. 30 domestic benchmark or a retail quote. EconoTimes previously examined how India’s published 24-karat gold quotes diverged.
