Gold prices increased in international markets on March 7, levelling out following a tumultuous session, as investors reviewed the circumstances surrounding Russia’s invasion of Ukraine and sanctions imposed on Moscow.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Monday, March 7, 2022. Gold futures were trading at Rs 53,533.00 per 10 gm, up 974 points or 1.85%, in the Indian market. Silver futures were trading at Rs 70,640.00 per kg, up 1,480.00 points or 2.14%.

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In global markets, gold was priced at 1,986.78 per oz. Platinum was trading at $1,144.66 while palladium was trading at $3,156.79. 

In the spot market, the 22-carat gold was sold at Rs 50,540 per 10 grams while silver was priced at Rs 67,931 per kg on Friday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 872.00 up 3.77% while Nickel and Aluminium futures were trading at Rs 2,701.00 and Rs 322.40 per Kg respectively on MCX. 

The 22-carat gold (10 grams) is being sold in Mumbai, Delhi, Kolkata, Bangalore, Hyderabad and Kerala for Rs 48,400. In Chennai, the same quantity of the precious yellow metal is being procured at Rs 49,700, according to the Good Returns website.

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Meanwhile, ten grams of 24-carat gold in New Delhi, Mumbai, Kolkata, Bangalore, Hyderabad and Kerala is valued at Rs 52,800. The same quantity of 24-carat gold in Chennai is priced at Rs 54,220 today.

In regions such as Jaipur and Lucknow, 10 grams of 22-carat gold is sold at Rs 48,550 whereas the value of 10-grams of 24-carat gold is Rs 52,950 in the two regions.

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In Mysore, Bhubaneswar and Visakhapatnam, 10 grams of 22-carat purity is being traded at Rs 48,400 today. The value of 10 grams of 24-carat gold is Rs 52,800 in the above-mentioned regions.

In Pune and Patna, 10 grams of 22-carat gold is being traded at Rs 48,450. The same quantity of 24-carat purity is being procured at Rs 52,850 in Pune and Patna.

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Similarly, in Ahmedabad, Vadodara and Coimbatore, 10 grams of 22-carat gold is being traded at Rs 48,480, Rs 48,500 and Rs 49,700 respectively. Moreover, the same quantity of 24-carat purity is being procured at Rs 53,880 in Ahmedabad and Rs 52,900 in Vadodara. In Coimbatore, 10 grams of 24-carat gold is priced at Rs 54,220 today.