India, Aug. 19 -- Gold prices in India stood at Rs.1,53,872 per 10 grams for 24-carat gold on Wednesday, while the rate for 22-carat gold was Rs.1,40,946 per 10 grams. In Delhi, 24-carat gold was priced at Rs.153,759, while 22-carat gold stood at Rs.1,40,843.

Gold and silver prices witnessed a brief decline as panic in international markets eased, despite the high 15% tax rates. However, continued turmoil in the Middle East has kept precious metal prices fluctuating on a daily basis.

The precious metals market continues to see day-to-day fluctuations amid changing conditions in international markets and ongoing turmoil in the Middle East.

The United Arab Emirates said on Tuesday that it had suspended all trade and financial dealings wi...