Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Monday, January 24, 2022. Gold futures were trading at Rs 48,410.00 per 10 gm, up 161 points or 0.33%, in the Indian market. Silver futures were trading at Rs 64,763.00 per kg, down 43 points or 0.07%.

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In global markets, gold was priced at $1,837.04 per oz. Platinum was trading at $1,037.50 while palladium was trading at $2,128.50. 

In the spot market, the 22-carat gold was sold at Rs 47,440 per 10 grams while silver was priced at Rs 64,941 per kg on Friday according to the Indian Bullion and Jewellers Association.  

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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.

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Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

The price of 24-carat gold in Delhi, stands at Rs 52,090, while in Mumbai it is at Rs 49,520, according to the Goodreturns website.

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The price of 10 grams of 22-carat gold in Delhi and Mumbai is at Rs 47,790 and Rs 47,520, respectively.

In Chennai, 10 grams of 24-carat gold is selling at Rs 50,040 on Monday, while 10 grams of 22-carat gold is selling at Rs 45,870.

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The price of 1 kg of silver in Chennai is at Rs 69,000 today, while in Delhi and Mumbai, the metal is selling at Rs 64,900.

Silver is selling at Rs 64,900 per kg in Kolkata, while in Hyderabad and Bengaluru, the metal is selling at Rs 69,000 a kg.

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Copper futures were trading at Rs 755.55 down 0.27% while Nickel and Aluminium futures were trading at Rs 1,814.80 and Rs 238.55 per Kg respectively on MCX.