Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Monday, February 21, 2022. Gold futures were trading at Rs 50,020.00 per 10 gm, down 92 points or 0.18%, in the Indian market. Silver futures were trading at Rs 63,502.00 per kg, down 400 points or 0.63%.

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In global markets, gold was priced at $1,894.65 per oz. Platinum was trading at $1,073.50 while palladium was trading at $2,314.50. 

In the spot market, the 22-carat gold was sold at Rs 48,770 per 10 grams while silver was priced at Rs 63,507 per kg on Friday according to the Indian Bullion and Jewellers Association.  

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In Delhi, Kolkata and Mumbai, 24-carat gold is selling at Rs 50,180. The price of 22-carat gold is Rs 45,990 in these cities.

In Chennai, 24-carat gold is selling at Rs 51,620. The price of 22-carat gold is Rs 47,320 in Chennai.

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In Chennai, the price of 1 kg of silver is Rs 68,600. In Delhi, Kolkata and Mumbai, the price is Rs 64,000.

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.

Copper futures were trading at Rs 761.70 down 0.23% while Nickel and Aluminium futures were trading at Rs 1,808.20 and Rs 259.50 per Kg respectively on MCX.