Gold price on Wednesday, October 20, 2021

The Gold prices on Multi commodity exchange (MCX), marginally increased on Wednesday, October 20, 2021. The Gold futures were trading at Rs 47417.00 up 137 points or 0.29% per 10 gms in the Indian market. In global markets, gold was priced at 1,774.19 USD per Troy ounce. Platinum fell -0.19% to $1,041.00 while Palladium rose -0.50% to $2,092.00. Silver futures were trading at Rs 64490.00 up 40 points or 0.06% per Kg.

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Gold 22 carat price in Delhi today is Rs 46,450 per 10 grams. The spot Gold rate in India today is Rs 46,500 for 22-carat gold per 10 grams. In the previous trade, the precious metal had settled at Rs 46,510 per 10 grams while the gold rate in Mumbai is Rs 46,500 per 10 gram of 22-carat, according to details provided by the good returns website.

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Gold has struggled this year after hitting a record high of ₹56,200 last year amid a stronger US dollar and hopes of faster economic recovery amid vaccination drive. Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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Meanwhile, the international oil benchmark Brent crude dropped 0.5% to USD 84.64 a barrel. Rupee surges 26 paise to 75.09 against US dollar in early trade.

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Most equity markets in Asia today retreated along with US futures as surging energy prices cemented worries about inflation. Data released today showed China’s economy slowed in the third quarter, as headwinds from a property slump to an energy crisis and subdued consumer spending weighed on growth.