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.

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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%.

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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.  

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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.

The 24-carat gold rate, 10 grams of it is priced at Rs 52,470 in Mumbai, Kolkata and New Delhi. The same quantity of 24-carat purity is being obtained at Rs 52,730 in Chennai.

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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.

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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.

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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.