Gold, silver and other metal prices on Wednesday, September 7, 2022

Gold prices decreased on Wednesday, as the US dollar and
Treasury yields rose after economic data raised expectations that the Federal
Reserve will continue on an aggressive rate-hike path.

Gold prices on the Multi Commodity Exchange (MCX) increased
on Wednesday, September 7, 2022. Gold futures were trading at Rs 50,330.00 per
10 gm, gaining 49 points or 0.10%, in the Indian market. Silver futures were
trading at Rs 53,519.00 per kg, up 373 points or 0.70%.

Also Read | HAL shares rise over 2% as firm says it assembled gas turbines for INS Vikrant

In global markets, gold was priced at $1,704.80 per oz,
while silver is priced at $18.20. Platinum was trading at $862.95, while
palladium was trading at $2,014.50.

Copper futures were trading at Rs 640.85 down 0.03% while
Natural Gas and Aluminium futures were trading at Rs 645.80 and Rs 198.20 per
Kg respectively on MCX.

Also Read | Ambuja Cements, ACC shares rise over 4% ahead Adani Group’s open offer closure

In the spot market, the 22-carat gold was sold at Rs 49,540
per 10 grams while silver was priced at Rs 53,696 per kg on Tuesday according
to the Indian Bullion and Jewellers Association.

According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 46,400 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 46,950. Today, it costs
Rs 46,550 in New Delhi.

Also Read | Midday report: Sensex falls 287 points, Nifty down 73 points

The 24-carat gold rate is Rs 50,620 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 51,220. It can be purchased for Rs 50,770 in New Delhi.

Ten grams of 22-carat gold costs Rs 46,430 and Rs 46,550 in
Pune and Jaipur, respectively. In Pune, the same amount of valuable metal is
worth Rs 50,650, while in Jaipur, it is worth Rs 50,770.

Also Read | Apple Far Out event 2022: Full specs leaked online

Ten grams of 22-carat gold costs Rs 46,400 in Vijayawada,
Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 46,450
in Mysore, Mangalore, and Surat. In Vijayawada, Bhubaneswar, and
Vishakhapatnam, ten grams of 24-carat gold costs Rs 50,620. The same amount of
24-carat gold can be purchased for Rs 50,670 in Mangalore, Mysore, and Surat.

Ten grams of 22-carat gold costs Rs 46,430 and Rs 46,950 in
Patna and Madurai, respectively. The same amount of 24-carat purity costs Rs
50,650 in Patna. It is worth Rs 51,220 in Madurai.

Also Read | Bharti Airtel shares fall over 3% after huge block deal

Ten grams of 22-carat gold is bought and sold for Rs 46,550
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 50,770.