Gold prices rose on Monday as US treasury bond yields fell. The outlook for gold, on the other hand, remains sensitive to aggressive interest rate rises by central banks.

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At its June and July policy meets, the Fed is expected to raise interest rates by a half-point, and Friday’s employment data increased the likelihood of rate hikes even more.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Monday, June 6, 2022. Gold futures were trading at Rs 51,080.00 per 10 gm, up 110 points or 0.22%, in the Indian market. Silver futures were trading at Rs 62,518.00 per kg, up 849 points or 1.38%.

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In global markets, gold was priced at $1,854.83 per oz while Silver is priced at $22.23. Platinum was trading at $1,019.92 while palladium was trading at $2,030.08. 

In the spot market, the 22-carat gold was sold at Rs 50,220 per 10 grams while silver was priced at Rs 62,788 per kg on Friday according to the Indian Bullion and Jewellers Association.  

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Copper futures were trading at Rs 794.90 down 0.64% while Natural Gas and Aluminium futures were trading at Rs 688.40 and Rs 236.70 per Kg respectively on MCX. 

According to the Good Returns website, Ten grams of 22-carat gold may be purchased and sold for Rs 47,740 in Mumbai, New Delhi, Kolkata, and Chennai. The 24-carat gold prices, ten grams of the precious yellow metal costs Rs 52,090 in Mumbai, Kolkata, New Delhi, and Chennai.

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The ten grams of 22-carat gold costs Rs 47,790 and Rs 47,770 in Patna and Surat, respectively. The same amount of 24-carat purity costs Rs 52,140 in Patna and Rs 52,120 in Surat.

Ten grams of 22-carat gold costs Rs 47,770 and Rs 47,890 in Ahmedabad and Jaipur, respectively. The same amount of 24-carat purity costs Rs 52,120 in Ahmedabad and Rs 52,240 in Jaipur.

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Ten grams of 22-carat gold costs Rs 47,740 in places like Kerala, Bengaluru, and Hyderabad. The same quantity of 22-carat purity can be acquired for Rs 47,740 in Vijayawada, Mysore, and Mangalore. In all of the aforesaid places, however, ten grams of 24-carat gold is valued at Rs 52,090.

Ten grams of 22-carat gold costs Rs 47,740 and Rs 47,790 in Madurai and Nagpur, respectively. The same amount of 24-carat purity costs Rs 52,090 in Madurai and Rs 52,140 in Nagpur.