Gold and silver prices on September 21: On Thursday, the gold price opened slightly higher at ₹59,3155 per 10 gm on MCX and went on to hit an intraday high of 59,315, and a low of ₹59,004. Around 10:05 a.m., MCX Gold for October 5 delivery traded 0.60 per cent lower at ₹59050 per 10 grams.Whereas the silver price opened at 59,315, and a low of ₹59,004. Around 10:05 a.m., MCX Gold for October 5 delivery traded 0.60 per cent lower at ₹59050 per 10 grams.Moreover, gold price stood at ₹55350 per 10 grams for 22 carats, and ₹60370 per 10 grams for 24-carat.India is the worlds second-largest gold consumer, surpassing China. The majority of the required amount of gold is supplied by imports and locally recycled domestic bullion. Therefore, in addition to dollar-denominated worldwide pricing, import taxes and other levies also affect domestic gold rates.The bond yields and the dollar rate can have an impact on the price of the precious metal, gold is viewed as a hedge against inflation.
