Gold prices traded slightly higher on Thursday in India, however it was trading almost flat in the global market. Investors awaited the US inflation report which is scheduled to be released on November 10. The report tends to impact the direction of US Federal Reserve rate hikes. 

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Gold prices on the Multi Commodity Exchange (MCX) surged on Thursday, November 10, 2022. Gold futures were trading at Rs 51,639 per 10 gm, up 133 points or 0.26%, in the Indian market. Silver futures were trading at Rs 61,378 per kg, down 183 points or 0.30%.

In global markets, gold was priced at $1,705.62 per oz, while silver was priced at $21.10. Platinum was trading at $997.68, while palladium was trading at $1,865. 

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Copper futures were trading at Rs 682.80 up 0.49% while Natural Gas and Aluminium futures were trading at Rs 476.10 per MMBtu and Rs 202.80 per Kg respectively on MCX.

In the spot market, the 22-carat gold was sold at Rs 50,280 per 10 grams while silver was priced at Rs 61,550 per kg on Wednesday according to the Indian Bullion and Jewellers Association.

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According to the Good Returns website, ten grams of 22-carat gold was being sold for Rs 47,360 in Mumbai and Kolkata. The same amount of yellow metal in Chennai can be purchased for Rs 48,200. Today, it costs Rs 47,460 in New Delhi.

The 24-carat gold rate is Rs 51,670 for ten grams of metal in Mumbai and Kolkata. In Chennai, the same amount of gold is being traded for Rs 52,580. It can be purchased for Rs 51,770 in New Delhi.

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Ten grams of 22-carat gold costs Rs 47,390 and Rs 47,360 in Patna and Vijaywada, respectively. In Patna, the same amount of 24-carat purity is worth Rs 51,690, while in Vijaywada, it is worth Rs 51,670.

Ten grams of 22-carat gold costs Rs 47,360 in Kerela, Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 47,410 in Bengaluru, Mysore, and Surat. In Kerela, Bhubaneswar, and Vishakhapatnam, ten grams of 24-carat gold costs Rs 51,670. The same amount of 24-carat gold can be purchased for Rs 51,720 in Bengaluru, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 47,390 and Rs 47,460 in Nashik and Chandigarh, respectively. The same amount of 24-carat purity costs Rs 51,690 in Nashik. It is worth Rs 51,770 in Chandigarh.

Ten grams of 22-carat gold is bought and sold for Rs 47,390 in Nagpur and Vadodara. In both cities, the same quantity of 24-carat purity is sold for Rs 51,690.