Gold prices fell in early Friday trade as the US dollar strengthened, reducing demand for the safe-haven commodity. A higher US dollar makes gold less appealing to holders of other currencies.

Gold, on the other hand, is backed by the uncertainties surrounding Ukraine, fast inflation, and the ongoing COVID-19 pandemic.

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Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Friday, April 8, 2022. Gold futures were trading at Rs 51,809.00 per 10 gm, down 88 points or 0.17%, in the Indian market. Silver futures were trading at Rs 66,907.00 per kg, up 142 points or 0.21%.

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In global markets, gold was priced at $1,928.58 per oz. Platinum was trading at $959.51 while palladium was trading at $2,279.18. 

In the spot market, the 22-carat gold was sold at Rs 50,550 per 10 grams while silver was priced at Rs 66,019 per kg on Thursday according to the Indian Bullion and Jewellers Association. 

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Copper futures were trading at Rs 820.85 up 0.47% while Natural Gas and Aluminium futures were trading at Rs 483.70 and Rs 279.20 per Kg respectively on MCX. 

The 10 grams of 22-carat gold is being traded at Rs 48,010 today, in Kolkata, New Delhi and Mumbai, according to the Good Returns website. The same quantity of the precious yellow metal is being procured at Rs 48,600 in Chennai.

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The 24-carat gold rate, 10 grams of the much-in-demand metal is priced at Rs 52,380 in New Delhi, Kolkata and Mumbai. Whereas, the same quantity of 24-carat purity is being traded at Rs 53,020 in Chennai, today.

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In Nagpur and Chandigarh, 10 grams of 22-carat gold is being procured at Rs 48,110 and Rs 48,160, respectively. The same quantity of 24-carat purity is being sold at Rs 52,480 in Nagpur and Rs 52,530 in Chandigarh.

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In Bhubaneswar, Mangalore and Visakhapatnam, 10 grams of 22-carat gold is being bought and sold at Rs 48,010, today. Additionally, in Hyderabad, Kerala and Bengaluru, the same quantity of 22-carat purity is also being traded at Rs 48,010.

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In Pune and Ahmedabad, 10 grams of 22-carat gold is priced at Rs 48,110 and Rs 48,090, respectively. The same quantity of 24-carat purity is for Rs 52,480 in Pune and Rs 52,230 in Ahmedabad.

In Lucknow and Surat, 10 grams of 22-carat gold is priced at Rs 48,160 and Rs 48,090, respectively. The same quantity of 24-carat purity is available at Rs 52,530 in Lucknow and Rs 52,230 in Surat.