Because gold is a non-yielding asset and interest rates have been frequently raised by the Fed, gold prices have fallen as a result. Demand increases brought on by the holiday season and impending wedding season in India helped gold prices gain some ground. In Delhi, 10 kilos of 24-carat gold went for Rs 51,770 while 22-carat gold cost Rs 47,460. Prices for 24-carat gold in Bengaluru were Rs 51,720, and those for 22-carat gold were Rs 47,410. 10 grams of 22-carat gold could be purchased for Rs 47,360, while 24-carat gold cost Rs 51,670 each gram.

Source: dna November 10, 2022 15:41 UTC