India, April 22 -- As a hedge against inflation, Gold remains one of the primary choices for Indians, especially considering the wedding and festival season on the horizon. April 22, 2026 marks the "cooling down phase" for the precious metal after recording all-time highs in early April. Postponement of military action against Iran and the hawkish US Federal Reserve have together reduced the immediate need for Gold in a defensive strategy.

In India, the price of 24 carat gold is averaging out to be Rs.15,528 per gram, registering a slight intraday fall of Rs.50 as the market continues to consolidate. As far as 22 carat gold - usually preferred in jewellery making - goes, the price stands at Rs.14,234 per gram. On average, the price of 24...