Gold prices remained stable on Wednesday as investors
assessed missed signals including a weak dollar, rising treasury yields and
hawkish commentary from the Federal Reserve. The yellow metal has had a tepid
week so far, paring moderate gains as the greenback’s strengths fades slightly.
The US dollar remains a headwind as the Federal Reserve pursues an aggressive
monetary policy to control inflation.

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Gold prices on the Multi Commodity Exchange (MCX) were
stable on Wednesday, October 19, 2022. Gold futures were trading at Rs 50,105.00
per 10 gm, down 309 points or 0.61%, in the Indian market. Silver futures were
trading at Rs 56,095.00 per kg, down 259 points or 0.46%.

In global markets, gold was priced at $1,638.66 per oz,
while silver is priced at $18.60. Platinum was trading at $901.00, while
palladium was trading at $2,021.00.

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Copper futures were trading at Rs 637.45 down 0.47% while
Natural Gas and Aluminium futures were trading at Rs 475.10 and Rs 194.65 per
Kg respectively on MCX.

In the spot market, the 22-carat gold was sold at Rs 49,150
per 10 grams while silver was priced at Rs 56,010 per kg on Tuesday according
to the Indian Bullion and Jewellers Association.

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According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 46,550 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 47,000. Today, it costs
Rs 46,700 in New Delhi.

The 24-carat gold rate is Rs 50,780 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 51,270. It can be purchased for Rs 50,950 in New Delhi.

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Ten grams of 22-carat gold costs Rs 46,580 and Rs 46,700 in
Pune and Jaipur, respectively. In Pune, the same amount of valuable metal is
worth Rs 50,700, while in Jaipur, it is worth Rs 50,950.

Ten grams of 22-carat gold costs Rs 46,550 in Vijayawada,
Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 46,600
in Mysore, Mangalore, and Surat. In Vijayawada, Bhubaneswar, and
Vishakhapatnam, ten grams of 24-carat gold costs Rs 50,780. The same amount of
24-carat gold can be purchased for Rs 50,840 in Mangalore, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 46,580 and Rs 47,000 in
Patna and Madurai, respectively. The same amount of 24-carat purity costs Rs
50,700 in Patna. It is worth Rs 51,270 in Madurai.

Ten grams of 22-carat gold is bought and sold for Rs 46,700
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 50,950.