Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Friday, January 28, 2022. Gold futures were trading at Rs 47,867.00 per 10 gm, down 43 points or 0.09%, in the Indian market. Silver futures were trading at Rs 61,910.00 per kg, down 34 points or 0.05%.

In global markets, gold was priced at $1,797.40 per oz. Platinum was trading at $1,031.00 while palladium was trading at $2,349.50. 

In the spot market, the 22-carat gold was sold at Rs 47,360 per 10 grams while silver was priced at Rs 62,687 per kg on Thursday according to the Indian Bullion and Jewellers Association.  

In Delhi, the price of 24-carat gold stands at Rs 49,650, while in Mumbai it is at Rs 49,640, according to the Goodreturns website.

The price of 10 grams of 22-carat gold in Delhi and Mumbai is Rs 45,500.

In Chennai, 10 grams of 24-carat gold is selling at Rs 49,900 on Friday, while 10 grams of 22-carat gold is selling at Rs 45,740.

In Chennai, the price of 1 kg of silver is at Rs 67,700 today, while in Delhi and Mumbai, the metal is selling at Rs 63,200.

Silver is selling at Rs 63,200 per kg in Kolkata, while in Hyderabad and Bengaluru, the metal is selling at Rs 67,700 a kg.

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.

Copper futures were trading at Rs 750.70 down 0.33% while Nickel and Aluminium futures were trading at Rs 1,697.50 and Rs 248.70 per Kg respectively on MCX.