Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.
Even though the offering rate on the Fed facility is 0 per cent, demand has been increasing as a flood of cash overwhelms U.S. dollar funding markets
On Thursday, the rupee had settled at 72.60 against the US dollar.
The Indian rupee strengthened by 18 paise to 72.42 against the US dollar in early trade, tracking positive domestic equities
Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.
An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday
Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday
Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus
Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance
Gold edged lower on Friday, as optimism around a swift economic recovery lifted appeal for riskier assets
The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17
Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day
Spot gold was up 0.2% at $1,869.12 per ounce by 0642 GMT
Gold prices on Tuesday rose to their highest in more than three months as a weaker US dollar and growing inflationary pressure lifted bullion's appeal as an inflation hedge
Gold edged lower on Friday, as a firmer dollar made bullion more expensive for other currency holders, although a pullback in the U.S. Treasury yields limited losses for the safe-haven metal
Investors bet that rising inflation could erode the currency's value
The Indian rupee slumped 18 paise to 73.53 against the US dollar in opening trade on Tuesday tracking weak domestic equities and strong American currency.
This is according to a recent survey by the International Monetary Fund (IMF).
Decline in premium to help importers hedge near-term exposures
Gold prices ticked up on Wednesday, lifted by a retreat in the US dollar, although gains were kept in check after US Treasury Secretary Janet Yellen said interest rates may need to rise