Gold prices increased in international markets on March 2, levelling out following a tumultuous session, as investors reviewed the circumstances surrounding Russia’s invasion of Ukraine and sanctions imposed on Moscow.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Wednesday, March 2, 2022. Gold futures were trading at Rs 51,863.00 per 10 gm, up 47 points or 0.09%, in the Indian market. Silver futures were trading at Rs 67,797.00 per kg, down 382 points or 0.56%.

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In global markets, gold was priced at $1,935.40 per oz. Platinum was trading at $1,051.01 while palladium was trading at $2,618.18, according to Reuters.

In the spot market, the 22-carat gold was sold at Rs 49,480 per 10 grams while silver was priced at Rs 65,358 per kg on Monday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 785.40 down 0.34% while Nickel and Aluminium futures were trading at Rs 1,939.80 and Rs 282.80 per Kg respectively on MCX. 

Minor fluctuation in gold prices was observed in different metro cities of India in the last 24 hours. Gold price today in Chennai for 24 carats (10 grams) is Rs 52,370 while the 22 carat (10 grams) is Rs 48,005.

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In the national capital Delhi, the Gold rate for 24 carats (10 grams) is Rs 50,950 while 22 carats (10 grams) is Rs 46,700. The rate of Gold for 24 carats (10 grams) in Kolkata is Rs 50,950 while 22 carat (10 grams) is Rs 46,700. On the other hand, the price of 24-carat gold (10 grams) in Mumbai is Rs 51,290 while 22-carat gold (10 grams) is Rs 46,700.