Gold prices fell on Monday as optimism about peace talks between Russia and Ukraine grew, reducing demand for the safe-haven metal.

A significant increase in the US currency weighed on attitudes as well. The dollar index reached a more than one-week high, making gold more costly for holders of foreign currencies.

Also Read| Emami shares hit 52-week low on acquiring Dermicool for Rs 432 crore

Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Monday, March 28, 2022. Gold futures were trading at Rs 51,550.00 per 10 gm, down 326 points or 0.63%, in the Indian market. Silver futures were trading at Rs 68,244.00 per kg, down 592 points or 0.86%.

Also Read| Sensex falls over 130 points while Nifty around 17,100 in early trade

In global markets, gold was priced at $1,936.39 per oz. Platinum was trading at $990.59 while palladium was trading at $2,359.67. 

In the spot market, the 22-carat gold was sold at Rs 50,650 per 10 grams while silver was priced at Rs 68,691 per kg on Friday according to the Indian Bullion and Jewellers Association.  

Also Read| Stocks tank as Anil Ambani quits boards of group firms

Copper futures were trading at Rs 814.45 down 0.54% while Nickel and Aluminium futures were trading at Rs 2,575.00 and Rs 291.35 per Kg respectively on MCX. 

The 10 grams of 22-carat gold in Mumbai, New Delhi and Kolkata is being bought and sold at Rs 48,200, as per the Good Returns website. While, in Chennai, 10 grams of the precious yellow metal stands at Rs 48,440 today.

Also Read| PVR, INOX shares hit 52-weeks high after merger announcement

The 24-carat gold rate of 10 grams of valuable metal is priced at Rs 52,590 in Kolkata, New Delhi and Mumbai. In Chennai, the same amount of 24-carat purity is being traded at Rs 52,840.

In Hyderabad, Bengaluru and Kerala, 10 grams of 22-carat gold stands at Rs 48,200 presently. Similarly, in cities like Mysore, Vijayawada and Mangalore, the same quantity of 22-carat purity is also priced at Rs 48,200. Meanwhile, 24-carat gold in all the above regions is being sold at Rs 52,590 for 10 grams.

Also Read| Asia stocks dip, oil prices fall on Shanghai shutdown

In Patna and Coimbatore, 10 grams of 22-carat gold is being retailed at Rs 48,300 and Rs 48,440, respectively. The same amount of 24-carat purity is being bought and sold at Rs 52,690 in Patna and Rs 52,840 in Coimbatore.

Also Read| Banking services may be disrupted due to nationwide strike on March 28-29

In Jaipur and Vadodara, 22-carat gold stands at Rs 48,350 and Rs 48,250 today. The same quantity of 24-carat of the precious metal is valued at Rs 52,640 in Vadodara and Rs 52,740 in Jaipur.

Also Read| Fuel prices: Petrol priced at Rs 99.41, diesel Rs 90.77 in Delhi on March 28, 2022

In Ahmedabad and Pune, 10 grams of 22-carat gold is currently being bought and sold at Rs 48,280 and Rs 48,300, respectively. The same amount of 24-carat purity is being traded at Rs 52,670 in Ahmedabad and Rs 52,690 in Pune today.