Gold prices fell marginally on Friday on the back of the strong
US dollar. Traders awaited a US jobs report that could help investors predict
the Federal Reserve’s rate-hike path.

Investors are now watching the US nonfarm payrolls report due
later in the day, with economists anticipating 250,000 jobs to have been added last
month, compared with 315,000 in August.

Gold prices on the Multi Commodity Exchange (MCX) increased
on Friday, October 7, 2022. Gold futures were trading at Rs 52,005.00 per 10
gm, up 33 points or 0.06%, in the Indian market. Silver futures were trading at
Rs 61,630.00 per kg, up 284 points or 0.46%.

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In global markets, gold was priced at $1,709.47 per oz,
while silver is priced at $20.73. Platinum was trading at $934.18, while
palladium was trading at $2,272.00.

Copper futures were trading at Rs 656.15 down 0.02% while
Natural Gas and Aluminium futures were trading at Rs 559.00 and Rs 206.80 per
Kg respectively on MCX.

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In the spot market, the 22-carat gold was sold at Rs 50,590
per 10 grams while silver was priced at Rs 60,670 per kg on Thursday according
to the Indian Bullion and Jewellers Association.

According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 47,850 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 48,350. Today, it costs
Rs 48,000 in New Delhi.

The 24-carat gold rate is Rs 52,200 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 52,750. It can be purchased for Rs 52,360 in New Delhi.

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Ten grams of 22-carat gold costs Rs 47,880 and Rs 48,000 in
Pune and Jaipur, respectively. In Pune, the same amount of valuable metal is
worth Rs 52,230, while in Jaipur, it is worth Rs 52,360.

Ten grams of 22-carat gold costs Rs 47,850 in Vijayawada,
Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 47,900
in Mysore, Mangalore, and Surat. In Vijayawada, Bhubaneswar, and
Vishakhapatnam, ten grams of 24-carat gold costs Rs 52,200. The same amount of
24-carat gold can be purchased for Rs 52,250 in Mangalore, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 47,880 and Rs 48,350 in
Patna and Madurai, respectively. The same amount of 24-carat purity costs Rs
52,230 in Patna. It is worth Rs 52,750 in Madurai.

Ten grams of 22-carat gold is bought and sold for Rs 48,000
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 52,360.