 "gold")
After a slight dip, gold price on Thursday increased by Rs 110 from the previous day's close, with 10 gram of 24-carat gold trading at Rs 52,040. Ten grams of 22-carat gold is trading at Rs 47,770.
Bullion is used as a hedge against inflation, but higher interest rates increase the opportunity cost of holding the non-yielding asset.
Meanwhile, silver also opened higher on Thursday, trading at Rs 62,100 per kg, after an increase of Rs 200.
The price of 10 gram of 24 carat gold in Delhi, Mumbai, Bangalore, Hyderabad, and Kolkata is Rs 52,040 for the day. The
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