Gold, silver and other metal prices on Tuesday, July 12, 2022
- Gold futures were trading at Rs 50,765.00 per 10 gm, up 121 points or 0.24%
- Silver futures were trading at Rs 56,548.00 per kg, down 377 points or 0.66%
- Platinum was trading at $860.00 while palladium was trading at $2,143.50
The dollar traded near a fresh 20-year high touched on Monday, making gold more expensive for buyers holding other currencies. Gold prices slipped to their lower level since September 20 of $1,730.42 per ounce in the previous session.
Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Tuesday, July 12, 2022. Gold futures were trading at Rs 50,765.00 per 10 gm, up 121 points or 0.24%, in the Indian market. Silver futures were trading at Rs 56,548.00 per kg, down 377 points or 0.66%.
In global markets, gold was priced at $1,738.06 per oz while Silver is priced at $19.03. Platinum was trading at $860.00 while palladium was trading at $2,143.50.
In the spot market, the 22-carat gold was sold at Rs 50,880 per 10 grams while silver was priced at Rs 56,745 per kg on Monday according to the Indian Bullion and Jewellers Association.
Copper futures were trading at Rs 638.20 down 1.65% while Natural Gas and Aluminium futures were trading at Rs 515.20 and Rs 206.90 per Kg respectively on MCX.
The 24-carat gold prices, ten grams of the highly sought-after metal can be purchased for Rs 51,210 in New Delhi, Mumbai, and Kolkata. In Chennai, the same quantity of 24-carat gold is being offered for Rs 51,050.
Ten grams of 22-carat gold costs Rs 46,800 and Rs 47,100 in Madurai and Chandigarh, respectively. The same amount of 24-carat purity is being traded-in Madurai for Rs 51,050 and in Chandigarh for Rs 51,360.
In Kerala and Hyderabad, ten grams of 22-carat gold costs Rs 46,950, while in Bengaluru, the same quantity costs Rs 46,980. The same quantity of 22-carat gold is offered for Rs 46,970 in Nashik and Nagpur, and Rs 46,980 in Mysore.
Furthermore, ten grams of 24-carat gold is worth Rs 51,210 in Kerala and Hyderabad while at Rs 51,250 in Bengaluru and Mysore. The same quantity of 24-carat gold is available for Rs 51,240 in Nashik and Nagpur.
Ten grams of 22-carat gold costs Rs 46,970 and Rs 47,000 in Patna and Ahmedabad, respectively. The same quantity of 24-carat purity is priced at Rs 51,240 in Patna and Rs 51,260 in Ahmedabad.
Ten grams of 22-carat gold can be purchased and sold in Lucknow and Coimbatore for Rs 47,100 and Rs 46,800, respectively. The same amount of 24-carat purity costs Rs 51,360 in Lucknow and Rs 51,050 in Coimbatore.