Although gold is traditionally known as a hedge against inflation and economic uncertainties, higher interest rates tend to dim the bullion's appeal as it increases the opportunity cost of holding the non-yielding metal.
The prices of 24-carat gold was Rs 51,660 for 10 grams and Rs 41,328 for 8 grams. The 24-carat gold also observed an hike of Rs 550 and 440 for 10 grams and 8 grams gold. The prices of 24-carat gold was highest in Chennai with 10 grams gold prices at Rs 52,100 followed by Mumbai (Rs 51,660), Delhi (Rs 51,820) and Kolkata (Rs 51,660) 📝 Gold Price Today: Yellow Metal Sees Increase of Rs 550 Ahead of Dussehra Festival, 10 Grams of 24-Carat Priced at 51,660; Check Prices in Your City.