Gold and Silver Prices Rise Across Indian Retail Markets

Gold and silver became slightly more expensive in Indian shops on 22 September.

Gold is sold in two common forms, called 24-karat and 22-karat.

Twenty-four-karat gold is purer, while 22-karat gold is stronger for jewellery.

Silver prices also rose in the domestic market.

On the Multi Commodity Exchange of India, gold and silver futures moved higher.

International gold prices changed very little.

Investors were watching interest-rate expectations and comments from the United States Federal Reserve.

Tensions involving the United States and Iran were also cited as part of the market uncertainty.