Gold & silver price on September 29: Check rates in your city here

On Friday, gold prices in India are at Rs 5,365 per gram for 22-carat, while for 24-carat, the prices are at Rs 5,853 per gram.

According to GoodReturns, the price of 22-carat gold this morning was at Rs 53,650 per 10 grams, Rs 58,530 for 10 gm 24-carat gold and silver at Rs 74,700 per kg respectively.

India is the world’s 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.