In the Indian market, gold prices were trading marginally
lower on Monday as a strong dollar demand dented the demand for the yellow
metal. The rise in Treasure yields also impacted market sentiments. The dollar
surged to a 20-year high against its rivals, making greenback-priced bullion
less attractive for other currency holders.

Also Read | Sensex tanks 713 points while Nifty around 16,163 in early trade

Gold prices on the Multi Commodity Exchange (MCX)
increased marginally on Monday, May 9, 2022. Gold futures were trading at Rs
51,300.00 per 10 gm, down 43 points or 0.08%, in the Indian market. Silver
futures were trading at Rs 62,505.00 per kg, down 43 points or 0.07%.

In global markets, gold was priced at $1,871.55 per oz
while Silver is priced at $22.240. Platinum was trading at $951.50 while
palladium was trading at $2,050.00.

Also Read | Week ahead: OPEC, IEA reports and quarterly results to weigh on Sensex, Nifty

In the spot market, the 22-carat gold was sold at Rs
51,692 per 10 grams while silver was priced at Rs 62,530 per kg on Thursday
according to the Indian Bullion and Jewellers Association. 

Copper futures were trading at Rs 759.55 down 0.26% while
Natural Gas and Aluminium futures were trading at Rs 628.30 and Rs 238.65 per
Kg respectively on MCX.

Also Read | Week in review: Sensex, Nifty fall after RBI’s interest rate hike

In New Delhi, Mumbai and Kolkata, 10 grams of 22-carat
gold are being traded at Rs 47,400, according to the Good Returns website.

In Chennai, the same quantity of gold is being traded at
Rs 48,770.

The 24-carat gold rates, 10 grams of it in New Delhi,
Mumbai and Kolkata are being sold at Rs 51,710. The same amount of 24-carat
purity is being traded-in Chennai at Rs 53,200.

Also Read | US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in red on Friday

In Vadodara and Ahmedabad, 10 grams of 22-carat gold are
being purchased at Rs 47,480 and Rs 47,220 respectively. The same quantity of
24-carat purity is valued at Rs 51,790 in Vadodara and Rs 51,440 in Ahmedabad.

In Vijayawada, Mysore, and Bhubaneswar, 10 grams of
22-carat gold is priced at Rs 47,400. Similarly, in Kerala, Hyderabad, and Bengaluru,
the same amount of 22-carat purity is also being sold at Rs 47,400. Moreover,
10 grams of 24-carat gold is valued at Rs 51,710 in all the above areas.

Also Read | Bulk Deals: Agarwal Rahul sold NAKODA shares, Sathish bought stake in ASIANTILES

The ten grams of 22-carat gold costs Rs 47,220 and Rs
47,480 in Surat and Nagpur, respectively. The same amount of 24-carat purity
costs Rs 51,440 in Surat and Rs 51,790 in Nagpur.

Today, 10 gms of 22-carat gold costs Rs 47,550 in Jaipur
and Chandigarh. The same amount of 24-carat purity costs Rs 51,860 in Jaipur
and Chandigarh.