According to the latest gold and silver prices, on Thursday, 22-carat gold prices in India are at Rs 5,570 per gram, while for 24-carat the price is at Rs 6,076 per gram.The price of 22-carat gold was at Rs 55,700 grams Rs 60,760 for 10 gm 24-carat gold and silver at Rs 74,100 per kg respectively, according to GoodReturns. While, the silver rate was at Rs 74.10 per gram whereas for 10 grams it was at Rs 741.Check rates of Gold and Silver here:Cities22-carat Gold (10 gm)24-carat Gold (10 gm)Silver (1 kg)Delhi55,85060,91074,100Mumbai55,70060,76074,100Chennai55,85060,93077,500Kolkata55,70060,76074,100Bengaluru55,70060,76074,500Hyderabad55,70060,76077,500Kerala55,70060,76077,500Why is gold and silver crucial in IndiaIn a country where gold and silver have deep-rooted cultural and economic significance, keeping track of their rates is of paramount importance. Whether one is an investor, a bride-to-be, or someone who simply appreciates the allure of these precious metals, understanding the dynamics of gold and silver rates in India can be both fascinating and rewarding.