Gold, silver and other metal prices on Wednesday, November 9, 2022

Gold prices traded lower on Wednesday, returning from the one-month peak it touched in the previous session on Monday. Investors were eyeing the US Consumer Price Index (CPI) data due to be released on November 10. The data is expected to lay projections on the US Federal Reserve’s interest rate hikes further.  Higher than expected CPI will lead to further gold prices decline. 

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Gold prices on the Multi Commodity Exchange (MCX) slipped on Wednesday, November 9, 2022. Gold futures were trading at Rs 51,463 per 10 gm, down 167 points or 0.32%, in the Indian market. Silver futures were trading at Rs 61,686 per kg, down 273 points or 0.44%.

In global markets, gold was priced at $1,709.14 per oz, while silver is priced at $21.32. Platinum was trading at $1,001.09, while palladium was trading at $1,924.50. 

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Copper futures were trading at Rs 675.10 down 0.30% while Natural Gas and Aluminium futures were trading at Rs 500.80 per MMBtu and Rs 205.20 per Kg respectively on MCX.

In the spot market, the 22-carat gold was sold at Rs 49,740 per 10 grams while silver was priced at Rs 60,245 per kg on Monday according to the Indian Bullion and Jewellers Association.

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According to the Good Returns website, ten grams of 22-carat gold is being sold for Rs 47,360 in Mumbai and Kolkata. In Chennai, the same amount of yellow metal can be purchased for Rs 48,150. Today, it costs Rs 47,460 in New Delhi.

The 24-carat gold rate is Rs 51,670 for ten grams of metal in Mumbai and Kolkata. In Chennai, the same amount of gold is being traded for Rs 52,530. It can be purchased for Rs 51,770 in New Delhi.

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Ten grams of 22-carat gold costs Rs 47,390 and Rs 47,360 in Patna and Vijaywada, respectively. In Patna, the same amount of 24-carat purity is worth Rs 51,690, while in Vijaywada, it is worth Rs 51,670.

Ten grams of 22-carat gold costs Rs 47,360 in Kerela, Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 47,410 in Bengaluru, Mysore, and Surat. In Kerela, Bhubaneswar, and Vishakhapatnam, ten grams of 24-carat gold costs Rs 51,670. The same amount of 24-carat gold can be purchased for Rs 51,720 in Bengaluru, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 47,390 and Rs 47,460 in Nashik and Chandigarh, respectively. The same amount of 24-carat purity costs Rs 51,690 in Nashik. It is worth Rs 51,770 in Chandigarh.

Ten grams of 22-carat gold is bought and sold for Rs 47,390 in Nagpur and Vadodara. In both cities, the same quantity of 24-carat purity is sold for Rs 51,690.