Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Thursday, November 18, 2021. Gold futures were trading at Rs 49190.00 per 10 gm, down 102 points or -0.21%, in the Indian market. In global markets, gold was priced at $1,866.39 per oz. 

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Platinum was trading at $1,062.00 while palladium was trading at $2,189.00. Silver futures were trading at Rs 66270.00 per kg, down 355 points or -0.53%. In the spot market, the 22-carat gold was sold at Rs 47970 per 10 grams while silver was priced at Rs 66553 per kg on Wednesday according to the Indian Bullion and Jewellers Association.  

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Gold has struggled this year after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened on hopes of a swift economic recovery as Covid vaccination picked up the pace.

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Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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Separately, Brent crude, the international oil benchmark, slid 0.54% to USD 79.84 a barrel. In early trade, the rupee rises 11 paise to 74.17 against the US dollar.

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Copper futures were trading at Rs 712.55 down -0.85% while Nickel and Aluminium futures were trading at Rs 1491.40 and Rs 206.40 per Kg respectively on MCX.

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