Gold prices fell on Friday, extending weekly losses, as the US dollar strengthened and bond rates rose. Despite a lack of progress in Russia and Ukraine, peace talks were able to limit the damage. Investors were also looking for policy tightening signs from the March US employment statistics.
Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Friday, April 1, 2022. Gold futures were trading at Rs 51,529.00 per 10 gm, down 56 points or 0.11%, in the Indian market. Silver futures were trading at Rs 67,370.00 per kg, down 117 points or 0.17%.
In global markets, gold was priced at $1,937.20 per oz. Platinum was trading at $986.86 while palladium was trading at $2,314.95.
In the spot market, the 22-carat gold was sold at Rs 50,250 per 10 grams while silver was priced at Rs 66,990 per kg on Thursday according to the Indian Bullion and Jewellers Association.
Copper futures were trading at Rs 815.10 down 0.77% while Natural Gas and Aluminium futures were trading at Rs 426.80 and Rs 281.40 per Kg respectively on MCX.
In Pune and Coimbatore, 10 grams of 22-carat gold is being sold at Rs 48,180 and Rs 48,340, respectively. The same quantity of 24-carat purity is valued at Rs 52,550 in Pune and Rs 52,730 in Coimbatore.
In Hyderabad, Kerala and Bengaluru, 10 grams of 22-carat gold is being purchased at Rs 48,100. In Mysore, Mangalore and Visakhapatnam, the same quantity of 22-carat purity is also valued at Rs 48,100. However, 10 grams of 24-carat gold in all the above places is being traded at Rs 52,470.
In Jaipur and Coimbatore, 10 grams of 22-carat gold is being retailed at Rs 48,250 and Rs 48,340, respectively. The same quantity of 24-carat purity is priced at Rs 52,620 in Jaipur and Rs 52,730 in Coimbatore.
Moreover, in Patna and Chandigarh, 10 grams of 22-carat gold is being obtained at Rs 48,180 and Rs 48,250, respectively. The same quantity of 24-carat purity is being traded at Rs 52,550 in Patna and Rs 52,620 in Chandigarh.