Gold, silver and other metal prices on Friday, June 17, 2022
- Gold futures were trading at Rs 50,998.00 per 10 gm, up 12 points or 0.02%
- Silver futures were trading at Rs 61,511.00 per kg, down 16 points or 0.03%
- Platinum was trading at $946.83 while palladium was trading at $1,907.63
The prices of gold fell on Friday as a result of the strengthening US dollar and increased treasury yields, which knocked on demand for the safe-haven commodity. The yellow metal is on track for its largest weekly loss since May.
Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Friday, June 17, 2022. Gold futures were trading at Rs 50,998.00 per 10 gm, up 12 points or 0.02%, in the Indian market. Silver futures were trading at Rs 61,511.00 per kg, down 16 points or 0.03%.
In global markets, gold was priced at $1,845.93 per oz while Silver is priced at $21.87. Platinum was trading at $946.83 while palladium was trading at $1,907.63.
In the spot market, the 22-carat gold was sold at Rs 49,400 per 10 grams while silver was priced at Rs 60,550 per kg on Thursday according to the Indian Bullion and Jewellers Association.
Copper futures were trading at Rs 750.60 down 0.01% while Natural Gas and Aluminium futures were trading at Rs 575.80 and Rs 216.10 per Kg respectively on MCX.
Ten grams of 22-carat gold are being sold and bought in New Delhi and Kolkata for Rs 47,580, according to the Good Returns website. The same quantity of the valuable metal is being sold at Rs 47,650 in Chennai and Rs 47,550 in Mumbai.
The 24-carat gold rate, ten grams of yellow metal in New Delhi, and Kolkata are priced at Rs 51,900. In Chennai and Mumbai, the same quantity is valued at Rs 51,980 and Rs 51,870, respectively.
In Pune and Lucknow, ten grams of 22-carat gold is being purchased at Rs 47,620 and Rs 47,700, respectively. The same quantity of 24-carat purity is valued at Rs 51,940 in Pune and Rs 52,050 in Lucknow.
In Hyderabad, Ahmedabad, and Kerala, ten grams of 22-carat gold stand at Rs 47,550. In Surat, Vishakhapatnam, and Vijayawada, the same amount of 22-carat purity is also being sold at Rs 47,550. Furthermore, ten grams of 24-carat gold is being sold at Rs 51,870 in all the above regions.
In Jaipur and Madurai, 10 grams of 22-carat gold is being traded at Rs 47,700 and Rs 47,650, respectively. The same quantity of 24-carat purity is priced at Rs 52,050 in Jaipur and Rs 51,980 in Madurai.
In Nashik and Mysore, 10 grams of 22-carat gold is being procured at Rs 47,620, and Rs 47,580. The same quantity of 24-carat purity is being sold in Nashik at Rs 51,940 and in Mysore at Rs 51,900.