The Gold prices on Multi commodity exchange (MCX), marginally increased on Monday, October 18, 2021. The Gold futures were trading at Rs 47287.00 up 74 points or 0.16% per 10 gms in the Indian market. In global markets, gold was priced at 1,767.57 USD per Troy ounce. Platinum was priced at $1,060.00 while Palladium was priced at $2,076.50. Silver futures were trading at Rs 63456.00 up 185 points or 0.29% per Kg.

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Gold 22 carat price in Delhi today is Rs 46,330 per 10 grams. The spot Gold rate in India today is Rs 48,070 for 22-carat gold per 10 grams. In the previous trade, the precious metal had settled at Rs 48,070 per 10 grams. The gold rate in Mumbai is Rs 47,070 per 10 gram of 22-carat, according to details provided by the good returns website.

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Brent crude, the international oil benchmark, climbed 1.07 percent to USD 85.77 per barrel. Indian rupee edges lower by 2 paise at 75.28 against US dollar in opening trade.

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Gold has struggled this year after hitting a record high of Rs 56,200 last year amid a stronger US dollar and hopes of faster economic recovery amid vaccination drive. Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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Most equity markets in Asia today retreated along with US futures as surging energy prices cemented worries about inflation. Data released today showed China’s economy slowed in the third quarter, as headwinds from a property slump to an energy crisis and subdued consumer spending weighed on growth.