Gold trading at Rs 52,100/10 gm; silver opens low, selling at Rs 61,100/kg

Gold opened lower on Saturday, Rs 210 down from the previous day's rate, with 10 gram of 24-carat gold trading at Rs 52,100. Meanwhile, 10 gram of 22-carat gold is trading at Rs 47,750, after a decrease of Rs 200.

The precious metal is used as a hedge against inflation, but higher interest rates increase the opportunity cost of holding the non-yielding asset.

Meanwhile, silver was down by Rs 1,200 in Saturday's opening trade, selling at Rs 61,000 per kg.

The price of 10 gram of 24 carat gold in Delhi, Mumbai, Bangalore, Hyderabad, and Kolkata is Rs 52,100 for