Gold, silver and other metal prices on Monday, March 21, 2022
- Gold futures were trading at Rs 51,429.00 per 10 gm, down 18 points or 0.03%
- Silver futures were trading at Rs 68,019.00 per kg, up 143 points or 0.21%
- Platinum was trading at $1,030.94 while palladium was trading at $2,591.00
Gold prices decreased in international markets on March 21, levelling out following a tumultuous session, as investors reviewed the Fed's quarter-point increase in its benchmark rate, which it had kept near zero since the global crisis struck two years ago and circumstances surrounding Russia's invasion of Ukraine and sanctions imposed on Moscow.
Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Monday, March 21, 2022. Gold futures were trading at Rs 51,429.00 per 10 gm, down 18 points or 0.03%, in the Indian market. Silver futures were trading at Rs 68,019.00 per kg, up 143 points or 0.21%.
In global markets, gold was priced at $1,928.09 per oz. Platinum was trading at $1,030.94 while palladium was trading at $2,591.00.
In the spot market, the 22-carat gold was sold at Rs 50,330 per 10 grams while silver was priced at Rs 68,005 per kg on Friday according to the Indian Bullion and Jewellers Association.
Copper futures were trading at Rs 810.30 down 0.68% while Nickel and Aluminium futures were trading at Rs 2,430.50 and Rs 279.35 per Kg respectively on MCX.
The 10 grams of 22-carat gold in Mumbai, New Delhi and Kolkata, is being sold for Rs 47,300. The same quantity of the much-in-demand metal is being procured at Rs 48,050 in Chennai today, according to goodreturns.
Meanwhile, 10 grams of 24-carat gold in New Delhi, Mumbai and Kolkata is valued at Rs 51,600. However, the same quantity of 24-carat gold in Chennai is rated at Rs 52,420 today.
In regions like Kerala, Bangalore and Hyderabad, 10 grams of 22-carat gold is sold at Rs 47,300. In Mysore, Visakhapatnam and Mangalore, the same quantity of 22-carat purity stands at Rs 47,300. The value of 10-grams of 24-carat purity in all the above areas is being traded at Rs 51,600.
Coming to Pune, Jaipur and Ahmedabad, 10 grams of 22-carat gold is being procured at Rs 47,400, Rs 47,450 and Rs 47,350, respectively. The same amount of 24-carat purity is being vented at Rs 51,700, Rs 51,750 and Rs 51,650 in all three cities.
In Patna, Nagpur and Madurai, 10 grams of 22-carat gold are being purchased at Rs 47,400, Rs 47,380 and Rs 48,050, respectively. The same quantity of 24-carat purity stands at Rs 51,700 in Patna, Rs 51,680 in Nagpur and Rs 52,420 in Madurai.