Gold price rose marginally on Tuesday after hitting a near
one-month low in the previous session, helped by a slight pullback in the
dollar although lingering worries over further aggressive US interest rate
hikes kept gains in check.

Gold is highly sensitive to rising US interest rates, as
these increase the opportunity cost of holding non-yielding bullion. Gold
demand in India improved last week as domestic prices dropped to a more than
two-week low, while volumes were low in other Asian countries.

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Gold prices on the Multi Commodity Exchange (MCX) remained
stable on Tuesday, August 23, 2022. Gold futures were trading at Rs 51,148.00
per 10 gm, down 15 points or 0.03%, in the Indian market. Silver futures were
trading at Rs 54,835.00 per kg, down 157 points or 0.29%.

In global markets, gold was priced at $1,737.04 per oz
while Silver is priced at $18.98. Platinum was trading at $878.77 while
palladium was trading at $2,019.36.

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In the spot market, the 22-carat gold was sold at Rs 50,160
per 10 grams while silver was priced at Rs 55,110 per kg on Monday according to
the Indian Bullion and Jewellers Association.

Copper futures were trading at Rs 667.80 down 0.43% while
Natural Gas and Aluminium futures were trading at Rs 782.40 and Rs 212.10 per
Kg respectively on MCX.

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According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 47,000 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 48,000. Today, it costs
Rs 47,150 in New Delhi.

The 24-carat gold rate is Rs 51,230 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 52,400. It can be purchased for Rs 51,440 in New Delhi.

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Ten grams of 22-carat gold costs Rs 47,030 and Rs 47,150 in
Pune and Jaipur, respectively. In Pune, the same amount of valuable metal is
worth Rs 51,260, while in Jaipur, it is worth Rs 51,440.

Ten grams of 22-carat gold costs Rs 47,000 in Vijayawada,
Hyderabad, and Kerala. The same amount can be purchased for Rs 47,050 in
Mysore, Mangalore, and Surat. In Vijayawada, Hyderabad, and Kerala, ten grams
of 24-carat gold costs Rs 51,230. The same amount of 24-carat gold can be
purchased for Rs 51,330 in Mangalore, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 47,030 and Rs 48,000 in
Patna and Madurai, respectively. The same amount of 24-carat purity costs Rs
51,260 in Patna. It is worth Rs 52,400 in Madurai.

Ten grams of 22-carat gold is bought and sold for Rs 47,150
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 51,440.