Gold prices remained flat, steady near a one-month high on
Friday, due to a fall in the US dollar and weak US treasury yields. Traders are
looking for the US jobs data amid the growing recession fears to boost
safe-haven demand and kept the yellow metal on track for its third straight
weekly rise. The market’s focus is on the monthly US non-farm payroll report
due later in the day.
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Gold prices on the Multi Commodity Exchange (MCX) declined
on Friday, August 5, 2022. Gold futures were trading at Rs 52,070.00 per 10 gm,
down 95 points or 0.18%, in the Indian market. Silver futures were trading at
Rs 57,766.00 per kg, down 216 points or 0.37%.
In global markets, gold was priced at $1,786.83 per oz
while silver was at $20.08. Platinum was trading at $940.50 while palladium was
trading at $2,107.50.
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In the spot market, 22-carat gold was sold at Rs 50,790 per
10 grams while silver was priced at Rs 58,057 per kg on Thursday according to
the Indian Bullion and Jewellers Association.
Copper futures were trading at Rs 649.20, up by 0.41% while
Natural Gas and Aluminium futures were trading at Rs 642.90 and Rs 212.05 per
kg respectively on MCX.
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Ten grams of 22-carat gold is being purchased and sold at
Rs 47,500 in Mumbai and Kolkata, according to the Good Returns website. The
same amount of valuable yellow metal can be purchased for Rs 48,250 in Chennai
and Rs 47,650 in New Delhi.
The 24-carat gold price, ten grams of this in-demand metal
costs Rs 51,820 in Kolkata and Mumbai. The same quantity is being marketed at
Rs 52,640 in Chennai and Rs 51,980 in New Delhi.
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In Vadodara and Coimbatore, 10 grams of 22-carat gold is
being sold at Rs 47,530 and Rs 48,250, respectively. The same amount of
24-carat purity is being traded at Rs 51,580 in Vadodara and Rs 52,640 in Coimbatore.
Ten grams of 22-carat gold costs Rs 47,500 in Bhubaneshwar,
Kerala, and Hyderabad. The same amount is worth Rs 47,550 in Mysore, Bengaluru,
and Mangalore. Ten grams of 24-carat gold in Kerala, Vishakhapatnam, and
Hyderabad is being procured at Rs 51,820. In Bengaluru, Mysore, and Mangalore,
the same amount of 24-carat gold is being retailed at Rs 51,880.
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Ten grams of 22-carat gold costs Rs 48,250 and Rs 47,530 in
Madurai and Pune, respectively. The same amount of 24-carat purity costs Rs 52,640
in Madurai and Rs 51,580 in Pune.
Ten grams of 22-carat gold costs Rs 47,530 and Rs 47,650 in
Patna and Chandigarh. The same amount of 24-carat purity may be purchased and
sold for Rs 51,580 in Patna and Rs 51,980 in Chandigarh.