Gold, silver and other metal prices on November 18, 2021

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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