The Gold prices on Multi commodity exchange (MCX), marginally decreased on Wednesday, October 13, 2021. The Gold futures were trading at Rs 47188 down 10 points or -0.2% per 10 gms in the Indian market. In global markets, gold was priced at 1761.89 USD per Troy ounce. Platinum gained 0.05% to $1,013 while Palladium rose 0.02% to $2051.50. Silver futures were trading at Rs 61826 up 240 points or 0.39% per Kg.

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Gold 22 carat price in Delhi today is Rs 46,300 per 10 grams. In the previous trade, the precious metal had settled at Rs 46,060 per 10 grams while the gold rate in Mumbai is Rs 46030 per 10 gram of 22-carat, according to details provided by the good returns website.

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The Rupee rises 26 paise to 75.26 against the US dollar while Brent crude oil fell 0.31 percent to USD 83.16 per barrel in the early trades.

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Gold has struggled this year after hitting a record high of ₹56,200 last year amid a stronger US dollar and hopes of faster economic recovery amid vaccination drive. 

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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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Gold traders will be focusing on the US consumer price index data to be released on Wednesday. Analysts expect price pressures to remain elevated. Meanwhile, Goldman Sachs Group Inc. economists have cut forecasts for U.S. growth this year and next, blaming a delayed recovery in consumer spending.