Gold prices recovered on Tuesday after reaching one-month lows the day before, as the US dollar softened and treasury yields fell, boosting bullion’s attractiveness.

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The dollar fell from a two-year high in the previous session, making gold priced in greenbacks less expensive. During economic and political crises, gold is considered a secure store of value.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Tuesday, April 26, 2022. Gold futures were trading at Rs 51,512.00 per 10 gm, up 119 points or 0.23%, in the Indian market. Silver futures were trading at Rs 65,280.00 per kg, up 164 points or 0.25%.

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In global markets, gold was priced at $1,906.51 per oz while Silver is priced at $23.82. Platinum was trading at $926.59 while palladium was trading at $2,210.70. 

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In the spot market, the 22-carat gold was sold at Rs 50,830 per 10 grams while silver was priced at Rs 65,166 per kg on Monday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 794.25 up 0.56% while Natural Gas and Aluminium futures were trading at Rs 535.20 and Rs 258.30 per Kg respectively on MCX. 

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In Mumbai, Kolkata and New Delhi, 10 grams of 22-carat gold is being procured at Rs 48,990, as per the Good Returns website. Whereas in Chennai, 10 grams of the much in demand metal is being sold at Rs 49,120.

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The 24-carat gold rate, 10 grams of the precious yellow metal is being sold at Rs 53,440 in Mumbai, Kolkata and New Delhi. The same amount of 24-carat purity is being retailed for Rs 53,590 today in Chennai.

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In Pune and Lucknow, 10 grams of 22-carat gold is being sold at Rs 49,040 and Rs 49,140, respectively. The same quantity of 24-carat purity is being obtained at Rs 53,490 in Pune and Rs 53,590 in Lucknow.

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In Kerala, Bengaluru and Hyderabad, 10 grams of 22-carat gold is being purchased at Rs 48,990. Even in cities including Bhubaneswar, Mangalore and Visakhapatnam, the same quantity of 22-carat purity is also being traded at Rs 48,990. However, 10 grams of 24-carat gold is priced at Rs 53,440, today, in all the above areas.

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In Chandigarh and Surat, 10 grams of 22-carat gold is being purchased at Rs 49,140 and Rs 49,070 respectively. The same quantity of 24-carat purity is further priced at Rs 53,590 in Chandigarh and Rs 49,520 in Surat.

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In Coimbatore and Nashik, 10 grams of 22-carat gold is being sold at Rs 49,120 and Rs 49,040 respectively. The same quantity of 24-carat purity is being retailed at Rs 53,590 in Coimbatore and Rs 53,490 in Nashik.