Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Thursday, February 24, 2022. Gold futures were trading at Rs 51,630.00 per 10 gm, up 1,251  points or 2.48%, in the Indian market. Silver futures were trading at Rs 66,001.00 per kg, up 1,416 points or 2.19%.

Also Read| Crude oil touches $100, Gold rises over 2% as Russian troops enter Ukraine

In global markets, gold was priced at $1,942.45 per oz. Platinum was trading at $1,107.50 while palladium was trading at $2,521.50. Gold reached an all-time high of $2074.88 in August of 2020.

In the spot market, the 22-carat gold was sold at Rs 48,850 per 10 grams while silver was priced at Rs 64,203 per kg on Wednesday according to the Indian Bullion and Jewellers Association.  

Also Read| Russia Ukraine crisis: Sensex crashes 1,400 points, Nifty sinks below 16,600

In Delhi, Kolkata and Mumbai, 24-carat gold is selling at Rs 50,180. The price of 22-carat gold in Mumbai and Kolkata is Rs 46,000. It is Rs 46,260 in Delhi.

In Chennai, 24-carat gold is selling at Rs 51,660. The price of 22-carat gold is Rs 47,350 in Chennai.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell fell over 1.5% on Wednesday

In Chennai, the price of 1 kg of silver is Rs 69,000. In Delhi, Kolkata and Mumbai, the price is Rs 64,300.

Gold has struggled in 2021 after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened in hopes of a swift economic recovery as Covid vaccination picked up the pace.

Also Read| Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on February 24, 2022

Global equity markets also retreated today as investors grew increasingly concerned about the Russia Ukraine crisis and spiking inflation.

Copper futures were trading at Rs 767.55 up 0.98% while Nickel and Aluminium futures were trading at Rs 1,899.60 and Rs 271.65 per Kg respectively on MCX.