Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Tuesday, January 11, 2022. Gold futures were trading at Rs 47536.00 per 10 gm, up 81 points or 0.17%, in the Indian market. Silver futures were trading at Rs 60,787.00 per kg, up 120 points or 0.20%.
In global markets, gold was priced at $1,807.39 per oz. Platinum was trading at $957.00 while palladium was trading at $1,920.00.
In the spot market, the 22-carat gold was sold at Rs 46,480 per 10 grams while silver was priced at Rs 60,351 per kg on Monday according to the Indian Bullion and Jewellers Association.
In Delhi, the price of 24-carat gold stands at Rs 51,010, while in Mumbai it is at Rs 48,610, according to the Goodreturns website.
The price of 10 grams of 22-carat gold in Delhi and Mumbai is at Rs 46,760 and Rs 46,610, respectively.
In Chennai, 10 grams of 24-carat gold is selling at Rs 48,790 on Tuesday, while 10 grams of 22-carat gold is selling at Rs 44,720.
In Chennai, the price of 1 kg of silver is at Rs 64,300 on Tuesday, while in Delhi and Mumbai, the metal is selling at Rs 60,400.
Silver is selling at Rs 60,400 per kg in Kolkata and Bengaluru, while in Hyderabad, the metal is selling at Rs 64,300 a kg.
Gold has struggled in 2021 after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened in hopes of a swift economic recovery as Covid vaccination picked up the pace.
Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.
Copper futures were trading at Rs 736.65 up 0.40% while Nickel and Aluminium futures were trading at Rs 1577.60 and Rs 232.50 per Kg respectively on MCX.