Gold prices were flat, on Tuesday with a downward trend, as the US dollar strengthened on the threat of more sanctions on Russia and rate hikes.

However, robust US data and the Fed’s hawkish posture have limited potential. The 10-year US Treasury yield has dipped slightly. Gains on Wall Street have also reduced the attraction of gold.

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Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Tuesday, April 5, 2022. Gold futures were trading at Rs 51,165.00 per 10 gm, down 101 points or 0.2%, in the Indian market. Silver futures were trading at Rs 66,609.00 per kg, up 314 points or 0.47%.

In global markets, gold was priced at $1,928.27 per oz. Platinum was trading at $980.70 while palladium was trading at $2,302.21. 

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In the spot market, the 22-carat gold was sold at Rs 50,250 per 10 grams while silver was priced at Rs 66,628 per kg on Monday according to the Indian Bullion and Jewellers Association.  

Copper futures were trading at Rs 827.95 up 0.90% while Nickel and Aluminium futures were trading at Rs 2,525.00 and Rs 280.40 per Kg respectively on MCX. 

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The 10 grams of 22-carat gold is being sold at Rs 47,800 in Kolkata, New Delhi and Mumbai. The same quantity of the precious yellow metal is being purchased at Rs 48,160 in Chennai, according to the Good Returns website.

The 24-carat gold rates, 10 grams of it is priced at Rs 52,140 in Mumbai, Kolkata and New Delhi. Whereas, the same quantity of 24-carat purity is being obtained at Rs 52,540 in Chennai.

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In cities like Madurai and Nashik, 10 grams of 22-carat gold is being traded at Rs 48,160 and Rs 47,850, respectively. While the same quantity of 24-carat purity is priced at Rs 52,540 in Madurai and Rs 52,190 in Nashik.

In Kerala, Bengaluru and Hyderabad, 10 grams of 22-carat gold is being purchased at Rs 47,800. While, in Bhubaneswar, Mysore and Vijayawada, the same quantity of 22-carat purity is also valued at Rs 47,800. However, 10 grams of 24-carat gold in all the above areas is being obtained at Rs 52,140.

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In Pune and Ahmedabad, 10 grams of 22-carat gold is being traded at Rs 47,850 and Rs 47,880, respectively. The same quantity of 24-carat purity is priced at Rs 52,190 in Pune and Rs 52,220 in Ahmedabad.

Furthermore, in other cities like Jaipur and Chandigarh, 10 grams of 22-carat gold is priced at Rs 47,950. While the same quantity of 24-carat purity is being sold at Rs 52,290 in both the above cities.