 "gold")
Gold on Wednesday opened Rs 10 down from previous day's closing rate, with 10 gram of 24-carat gold trading at Rs 51,920. Ten grams of 22-carat gold is trading at Rs 47,590.
Bullion is used as a hedge against inflation, but higher interest rates increase the opportunity cost of holding the non-yielding asset.
Meanwhile, silver opened higher on Wednesday, trading at Rs 62,100 per kg, after an increase of Rs 200.
The change in the precious metals' prices also came after the World Bank slashed its 2022 global growth forecast on Tuesday by nearly a third to 2.9%.
The price
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