Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Tuesday, November 23, 2021. Gold futures were trading at Rs 47934.00 per 10 gm, up 11 points or 0.02%, in the Indian market. In global markets, gold was priced at $1,807.80 per oz. 

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Platinum was trading at $1,022.00 while palladium was trading at $1,983.00. Silver futures were trading at Rs 64557.00 per kg, down 14 points or -0.02%. In the spot market, the 22-carat gold was sold at Rs 47660 per 10 grams while silver was priced at Rs 65829 per kg on Monday according to the Indian Bullion and Jewellers Association.  

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Gold has struggled this year after hitting a record high of Rs 56,200 in 2020 as the dollar strengthened on 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.

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Separately, Brent crude, the international oil standard, fell 0.45% to USD 79.34 per barrel. In early trade on Tuesday, the Indian rupee fell 11 paise to 74.50 against the US dollar.

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Copper futures were trading at Rs 740.20 up 0.24% while Nickel futures were trading at Rs 1560.20 per Kg on MCX.