Gold prices remained flat in international markets on March 23, levelling out following a tumultuous session, as investors reviewed the Fed’s quarter-point increase in its benchmark rate, which it had kept near zero since the global crisis struck two years ago and circumstances surrounding Russia’s invasion of Ukraine and sanctions imposed on Moscow.

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Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Wednesday, March 23, 2022. Gold futures were trading at Rs 51,367.00 per 10 gm, down 12 points or 0.02%, in the Indian market. Silver futures were trading at Rs 67,582.00 per kg, down 110 points or 0.16%.

In global markets, gold was priced at $1,920.63 per oz. Platinum was trading at $1,019.01 while palladium was trading at $2,565.12. 

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In the spot market, the 22-carat gold was sold at Rs 50,270 per 10 grams while silver was priced at Rs 67,775 per kg on Tuesday according to the Indian Bullion and Jewellers Association.  

Copper futures were trading at Rs 814.25 down 0.06% while Nickel and Aluminium futures were trading at Rs 2,122.00 and Rs 281.00 per Kg respectively on MCX. 

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The 10 grams of 22-carat gold in Mumbai, New Delhi and Kolkata is being traded at Rs 47,750. Whereas in Chennai, 10 grams of the much-in-demand metal is being sold at Rs 48,280, according to the Good Returns website.

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The 24-carat gold rates, 10 grams of gold in Kolkata, New Delhi and Mumbai is valued at Rs 52,100. In Chennai, the same quantity of 24-carat purity is being procured at Rs 52,670.

In Hyderabad, Bengaluru and Kerala, 10 grams of 22-carat gold is being traded at Rs 47,750. Likewise, in Vijayawada, Bhubaneswar and Mangalore, the same quantity of 22-carat purity is also being vented at Rs 47,750. While 10 grams of 24-carat gold in all the above areas is being priced at Rs 52,100.

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In Patna, Nagpur and Chandigarh, 10 grams of 22-carat gold is being retailed at Rs 47,820, Rs 47,800 and Rs 47,900, respectively. The same quantity of 24-carat purity is being acquired at Rs 52,170 in Patna, Rs 52,150 in Nagpur and Rs 52,250 in Chandigarh.

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In Vadodara, Ahmedabad and Jaipur, 10 grams of 22-carat gold are being priced at Rs 47,800, Rs 47,460 and Rs 47,900, respectively. The same amount of 24-carat purity is being vented at Rs 52,150 in Vadodara, Rs 51,760 in Ahmedabad and Rs 52,250 in Jaipur.