The price of gold varies across the country due to excise duty, state taxes, and making charges
The dollar index was flat, while benchmark 10-year U.S. Treasuries hit their highest levels since December 2019 on Friday.
The global recovery and improved investor sentiment resulted in gold ETF flows sobering down in 2021 compared to the pandemic year.
Gold headed for a weekly advance as US equities fell after Meta suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Fed's monetary policy path.
Spot gold edged up 0.1% to $1,806.83 per ounce by 0526 GMT. U.S. gold futures gained 0.2% to $1,807.80
Gold is considered a hedge against inflation, but it could see demand take a hit from higher rates as a non-interest-paying asset.
Although gold is considered a hedge against inflation, rate hikes would raise the opportunity cost of holding non-yielding bullion.
Spot gold was little changed at $1,797.64 per ounce by 0440 GMT. U.S. gold futures were up 0.1% at $1,797.60.
Celebrations picked up in full swing in the three months through December, more than doubling full-year imports to 925 tonnes
Gold prices rallied to an over two-month high earlier in the week as heightened tensions over Ukraine and increased market volatility ratcheted up interest in safe-have bullion.
The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood at 3,658.8 tonnes, the WGC said in its 'Gold Demand Trends 2021' Report.
Indian demand has averaged 769.7 tonnes over the last 10 years
Fed Chairman Jerome Powell struck a hawkish tone on Wednesday
Spot gold was 0.5% higher at $1,841.50 per ounce by 1013 GMT, holding close to last week's high of $1,847.42 an ounce. U.S. gold futures rose an equal amount to $1,840.70
Spot gold was flat at $1,836.21 per ounce by 0403 GMT. U.S. gold futures were up 0.3% to $1,836.80
The price of gold varies across the country due to excise duty, state taxes, and making charges
Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities.
Gold prices edged down on Thursday, hovering near a two-month high, with a weaker dollar countering pressure from higher bond yields
With U.S. markets closed for a public holiday, spot gold rose 0.2% to $1,820.50 per ounce by 1412 GMT, while U.S. gold futures had inched 0.2% higher to $1,820.50