Gold, silver and other metal prices on Friday, May 6, 2022

In the Indian market, gold prices were trading higher, defying worldwide trends. Yet, the yellow metal was set to suffer yet another weekly loss, the third in a row. Globally, the robust US dollar and Treasury rates rose on a hawkish US Federal Reserve stance, with investors anticipating employment data later in the day.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Friday, May 6, 2022. Gold futures were trading at Rs 51,002.00 per 10 gm, up 103 points or 0.2%, in the Indian market. Silver futures were trading at Rs 62,440.00 per kg, up 104 points or 0.17%.

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In global markets, gold was priced at $1,875.32 per oz while Silver is priced at $22.37. Platinum was trading at $954.14 while palladium was trading at $2,178.52. 

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In the spot market, the 22-carat gold was sold at Rs 50,540 per 10 grams while silver was priced at Rs 63,331 per kg on Thursday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 765.00 up 0.37% while Natural Gas and Aluminium futures were trading at Rs 676.70 and Rs 243.65 per Kg respectively on MCX. 

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In New Delhi, Mumbai and Kolkata, 10 grams of 22-carat gold are being traded at Rs 47,410, according to the Good Returns website.  In Chennai, the same quantity of gold is being traded at Rs 48,520.

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The 24-carat gold rates, 10 grams of it in New Delhi, Mumbai and Kolkata are being sold at Rs 51,710. The same amount of 24-carat purity is being traded-in Chennai at Rs 52,930.

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In Lucknow and Madurai, 10 grams of 22-carat gold are being purchased at Rs 47,560 and Rs 48,520 respectively. The same quantity of 24-carat purity is valued at Rs 51,860 in Lucknow and Rs 52,930 in Madurai.

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In Vijayawada, Mangalore, and Bhubaneswar, 10 grams of 22-carat gold is priced at Rs 47,410. Similarly, in Kerala, Hyderabad, and Bengaluru, the same amount of 22-carat purity is also being sold at Rs 47,410. Moreover, 10 grams of 24-carat gold is valued at Rs 51,710 in all the above areas.

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The ten grams of 22-carat gold costs Rs 47,480 and Rs 47,550 in Pune and Jaipur, respectively. The same amount of 24-carat purity costs Rs 51,780 in Pune and Rs 51,850 in Jaipur.

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Today, 10 gms of 22-carat gold costs Rs 47,490 in Patna and Rs 47,560 in Chandigarh. The same amount of 24-carat purity costs Rs 51,790 in Patna and Rs 51,860 in Chandigarh.