Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Wednesday, December 01, 2021. Gold futures were trading at Rs 47550.00 per 10 gm, down 56 points or -0.12%, in the Indian market. In global markets, gold was priced at $1,779.89 per oz.
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Platinum was trading at $957.50 while palladium was trading at $1,781.00. Silver futures were trading at Rs 62285.00 per kg, down 2 points or 0.00%. In the spot market, the 22-carat gold was sold at Rs 46,950 per 10 grams while silver was priced at Rs 62,055 per kg on Tuesday according to the Indian Bullion and Jewellers Association.
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In New Delhi, 10 grams of 22-carat gold is being purchased at Rs 46,990 this morning. In Mumbai and Kolkata, the same quantity of 22-carat gold is being sold at Rs 47,110 and Rs 47,290 while in Chennai the price is Rs 45,140. The value of 10 grams of 24-carat gold is Rs 51,260 in the national capital while it is Rs 48,110 in Mumbai, as per the Good Returns website. In Chennai, the same amount is priced at Rs 49,250 while in Kolkata it is valued at Rs 49,990.
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The price of 10 grams of 22-carat gold in Bengaluru and Hyderabad is Rs 44,840 in both cities. Meanwhile, the purchasing price of 24-carat gold in both cities is Rs 48,920 for 10 grams. In Kerala, the value of 22-carat gold is Rs 44,840 for 10 grams while 24-carat gold is priced at Rs 48,920 for the same amount.
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Meanwhile, in Ahmedabad and Jaipur, 22-carat gold is being sold at Rs 45,970 and Rs 47,090 for 10 grams. For 24-carat gold, the retailing price is Rs 49,390 and Rs 49,340 in the places.
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In Lucknow, as per the recent data, 22-carat gold is priced at Rs 45,690 and 24-carat gold is valued at Rs 48,590 for 10 grams. As for Chandigarh, 10 grams of 22-carat gold is trading at Rs 45,690 while the same amount of 24-carat gold is trading at Rs 48,590.
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Gold has struggled this year after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened on hopes of a swift economic recovery as Covid vaccination picked up the pace.
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Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.
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Separately, Brent crude, the international oil benchmark, slumped 3.91% to USD 70.57 a barrel. In early trade, the rupee climbs 23 paise to 74.90 against the US dollar.
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Copper futures were trading at Rs 731.30 up 0.83% while Nickel and Aluminium futures were trading at Rs 1547.50 and Rs 212.10 per Kg respectively on MCX.
