In the Indian market, gold prices were trading higher, defying worldwide trends. Yet, the yellow metal was set to suffer yet another weekly loss, the third in a row. Globally, the robust US dollar and Treasury rates rose on a hawkish US Federal Reserve stance, with investors anticipating employment data later in the day.
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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Friday, May 6, 2022. Gold futures were trading at Rs 51,002.00 per 10 gm, up 103 points or 0.2%, in the Indian market. Silver futures were trading at Rs 62,440.00 per kg, up 104 points or 0.17%.
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In global markets, gold was priced at $1,875.32 per oz while Silver is priced at $22.37. Platinum was trading at $954.14 while palladium was trading at $2,178.52.
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In the spot market, the 22-carat gold was sold at Rs 50,540 per 10 grams while silver was priced at Rs 63,331 per kg on Thursday according to the Indian Bullion and Jewellers Association.
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Copper futures were trading at Rs 765.00 up 0.37% while Natural Gas and Aluminium futures were trading at Rs 676.70 and Rs 243.65 per Kg respectively on MCX.
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In New Delhi, Mumbai and Kolkata, 10 grams of 22-carat gold are being traded at Rs 47,410, according to the Good Returns website. In Chennai, the same quantity of gold is being traded at Rs 48,520.
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The 24-carat gold rates, 10 grams of it in New Delhi, Mumbai and Kolkata are being sold at Rs 51,710. The same amount of 24-carat purity is being traded-in Chennai at Rs 52,930.
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In Lucknow and Madurai, 10 grams of 22-carat gold are being purchased at Rs 47,560 and Rs 48,520 respectively. The same quantity of 24-carat purity is valued at Rs 51,860 in Lucknow and Rs 52,930 in Madurai.
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In Vijayawada, Mangalore, and Bhubaneswar, 10 grams of 22-carat gold is priced at Rs 47,410. Similarly, in Kerala, Hyderabad, and Bengaluru, the same amount of 22-carat purity is also being sold at Rs 47,410. Moreover, 10 grams of 24-carat gold is valued at Rs 51,710 in all the above areas.
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The ten grams of 22-carat gold costs Rs 47,480 and Rs 47,550 in Pune and Jaipur, respectively. The same amount of 24-carat purity costs Rs 51,780 in Pune and Rs 51,850 in Jaipur.
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Today, 10 gms of 22-carat gold costs Rs 47,490 in Patna and Rs 47,560 in Chandigarh. The same amount of 24-carat purity costs Rs 51,790 in Patna and Rs 51,860 in Chandigarh.
