Gold prices held steady on Wednesday, bucking the global trend, as hawkish comments from the US Federal Reserve, a strong US currency, and an increase in treasure yields subdued sentiments. A strengthening dollar makes gold less appealing to holders of other currencies.

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Gold prices on the Multi Commodity Exchange (MCX) remained flat on Wednesday, April 6, 2022. Gold futures were trading at Rs 51,413.00 per 10 gm, up 42  points or 0.08%, in the Indian market. Silver futures were trading at Rs 66,104.00 per kg, down 94 points or 0.14%.

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In global markets, gold was priced at $1,921.44 per oz. Platinum was trading at $964.53 while palladium was trading at $2,242.36. 

In the spot market, the 22-carat gold was sold at Rs 50,220 per 10 grams while silver was priced at Rs 66,468 per kg on Tuesday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 819.50 down 0.19% while Natural Gas and Aluminium futures were trading at Rs 459.40 and Rs 281.05 per Kg respectively on MCX. 

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

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The 24-carat gold rate, 10 grams of the valuable metal is being sold at Rs 52,140 in Mumbai, Kolkata and New Delhi. The same quantity of 24-carat purity is being procured at Rs 52,540 in Chennai.

In Surat and Coimbatore, 10 grams of 22-carat gold is being purchased at Rs 47,880 and Rs 48,160, respectively. The same amount of 24-carat purity is being traded at Rs 52,220 in Surat and Rs 52,540 in Coimbatore.

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In Kerala, Hyderabad and Bengaluru, 10 grams of 22-carat gold is being obtained at Rs 47,800. Whereas in Visakhapatnam, Bhubaneswar 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 vented at Rs 52,140.

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In Patna and Nagpur, 10 grams of 22-carat gold is being retailed at Rs 47,850, today. The same quantity of 24-carat purity is priced at Rs 52,190 in both cities.

In Jaipur and Chandigarh, 10 grams of 22-carat gold is being obtained at Rs 47,950. However, the same quantity of 24-carat purity is being sold at Rs 52,290 in both cities.