Gold price on February 12: Rates in main Indian cities

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Gold prices fell in India on February 12, with the price standing at 62,147 Indian Rupees (INR) per 10 grams, down INR 240 compared to the previous day. Futures contracts for gold also decreased to INR 62,337 per 10 grams. Central banks are the biggest buyers of gold, with emerging economies such as China, India, and Turkey quickly increasing their gold reserves. Gold is seen as a safe-haven asset and a hedge against inflation and depreciating currencies. The price of gold is influenced by factors such as geopolitical instability, interest rates, and the strength of the US Dollar.

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https://www.fxstreet.com/news/india-gold-price-today-gold-falls-according-to-mcx-data-202402120909