Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Tuesday, December 7, 2021. Gold futures were trading at Rs 47917.00 per 10 gm, up 14 points or 0.03%, in the Indian market. In global markets, gold was priced at $1,780.45 per oz. 

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Platinum was trading at $941.00 while palladium was trading at $1,848.00. Silver futures were trading at Rs 61223.00 per kg, down 293 points or 0.48%. In the spot market, the 22-carat gold was sold at Rs 46,730 per 10 grams while silver was priced at Rs 60,992 per kg on Monday according to the Indian Bullion and Jewellers Association.  

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In Delhi, the rate of 24-carat gold stands at Rs 51,170, while in Mumbai the yellow metal’s price is at Rs 47,510, according to the Goodreturns website. The price of 10 grams of 22-carat gold in Delhi and Mumbai is at Rs 46,910 and Rs 46,510, respectively.

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In Chennai, 10 grams of 24-carat gold is selling at Rs 49,180 on Tuesday, while 10 grams of 22-carat gold is selling at Rs 45,080. In Kolkata, 24-carat gold is selling at Rs 49,800, while 22-carat gold’s price is at Rs 47,100.

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In Chennai, the price of 1 kg of silver is at Rs 65,600 on Tuesday while in Delhi and Mumbai, the metal is selling at Rs 61,500. Silver is trading at Rs 61,500 per kg in Kolkata and Bangalore, while in Hyderabad, the rate is Rs 65,600.

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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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Copper futures were trading at Rs 734.30 up 1.56% while Nickel and Aluminium futures were trading at Rs 1544.40 and Rs 210.45 per Kg respectively on MCX.