Gold prices continued to remain under pressure and declined
further on Wednesday as the US dollar continued to trade at two-decade highs. The
dollar resumed gaining after Federal Reserve officials reiterated the US
central bank’s resolution to maintain an aggressive policy stance to control stubbornly
high inflation.

Gold prices on the Multi Commodity Exchange (MCX) increased
on Wednesday, September 28, 2022. Gold futures were trading at Rs 49,320.00 per
10 gm, down 130 points or 0.26%, in the Indian market. Silver futures were
trading at Rs 54,611.00 per kg, down 768 points or 1.39%.

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In global markets, gold was priced at $1,617.35 per oz,
while silver is priced at $18.12. Platinum was trading at $839.00, while
palladium was trading at $2,061.44.

Copper futures were trading at Rs 625.05 down 0.26% while
Natural Gas and Aluminium futures were trading at Rs 563.40 and Rs 188.55 per
Kg respectively on MCX.

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In the spot market, the 22-carat gold was sold at Rs 48,340
per 10 grams while silver was priced at Rs 55,391 per kg on Tuesday according
to the Indian Bullion and Jewellers Association.

According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 45,800 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 46,250. Today, it costs
Rs 45,950 in New Delhi.

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The 24-carat gold rate is Rs 49,970 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 50,450. It can be purchased for Rs 50,130 in New Delhi.

Ten grams of 22-carat gold costs Rs 45,830 and Rs 45,950 in
Pune and Jaipur, respectively. In Pune, the same amount of valuable metal is
worth Rs 50,000, while in Jaipur, it is worth Rs 50,130.

Ten grams of 22-carat gold costs Rs 45,800 in Vijayawada,
Bhubaneswar, and Vishakhapatnam. The same amount can be purchased for Rs 45,850
in Mysore, Mangalore, and Surat. In Vijayawada, Bhubaneswar, and
Vishakhapatnam, ten grams of 24-carat gold costs Rs 49,970. The same amount of
24-carat gold can be purchased for Rs 50,020 in Mangalore, Mysore, and Surat.

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Ten grams of 22-carat gold costs Rs 45,830 and Rs 46,250 in
Patna and Madurai, respectively. The same amount of 24-carat purity costs Rs
50,000 in Patna. It is worth Rs 50,450 in Madurai.

Ten grams of 22-carat gold is bought and sold for Rs 45,950
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 50,130.