Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Friday, January 21, 2022. Gold futures were trading at Rs 48,512.00 per 10 gm, up 132 points or 0.27%, in the Indian market. Silver futures were trading at Rs 65255.00 per kg, down 124 points or 0.19%.
In global markets, gold was priced at $1,841.33 per oz. Platinum was trading at $1,040.00 while palladium was trading at $2,048.50.
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In the spot market, the 22-carat gold was sold at Rs 4,7540 per 10 grams while silver was priced at Rs 64,476 per kg on Thursday according to the Indian Bullion and Jewellers Association.
In Delhi, the price of 24-carat gold stands at Rs 52,040, while in Mumbai it is at Rs 49,590, according to the Goodreturns website.
The price of 10 grams of 22-carat gold in Delhi and Mumbai is at Rs 47,700 and Rs 47,590, respectively.
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In Chennai, 10 grams of 24-carat gold is selling at Rs 50,000 on Friday, while 10 grams of 22-carat gold is selling at Rs 45,810.
In Chennai, the price of 1 kg of silver is at Rs 68,800 today, while in Delhi and Mumbai, the metal is selling at Rs 64,600.
Silver is selling at Rs 64,600 per kg in Kolkata, while in Hyderabad and Bengaluru, the metal is selling at Rs 68,800 a kg.
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Gold has struggled in 2021 after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened in hopes of a swift economic recovery as Covid vaccination picked up the pace.
Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.
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Copper futures were trading at Rs 753.40 down 1.01% while Nickel and Aluminium futures were trading at Rs 1764.40 and Rs 244.00 per Kg respectively on MCX.
