On Wednesday, the gold price in India is Rs 5,521 per gram for 22-carat, while for 24-carat, the price is Rs 6,023 per gram.According to GoodReturns, the price of 22-carat gold this morning was at Rs 55,210 per 10 grams Rs 60,230 for 10 gm 24-carat gold and silver at Rs 74,800 per kg respectively.Now, 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. Here are the most recent gold prices in significant Indian cities.
