Gold prices on the Multi Commodity Exchange (MCX) decreased marginally on Thursday, January 27, 2022. Gold futures were trading at Rs 48,267.00 per 10 gm, down 584 points or 1.2%, in the Indian market. Silver futures were trading at Rs 63,244.00 per kg, down 827 points or 1.29%.
In global markets, gold was priced at $1,816.40 per oz. Platinum was trading at $1,024.00 while palladium was trading at $2,314.50.
In the spot market, the 22-carat gold was sold at Rs 47,690 per 10 grams while silver was priced at Rs 63,712 per kg on Tuesday according to the Indian Bullion and Jewellers Association.
In Delhi, the price of 24-carat gold stands at Rs 50,100, while in Mumbai it is at Rs 49,830, according to the Goodreturns website.
The price of 10 grams of 22-carat gold in Delhi and Mumbai is Rs 45,900.
In Chennai, 10 grams of 24-carat gold is selling at Rs 50,590 on Thursday, while 10 grams of 22-carat gold is selling at Rs 46,370.
In Chennai, the price of 1 kg of silver is at Rs 68,500 today, while in Delhi and Mumbai, the metal is selling at Rs 64,200.
Silver is selling at Rs 64,200 per kg in Kolkata, while in Hyderabad and Bengaluru, the metal is selling at Rs 68,500 a kg.
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.
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 752.80 up 0.01% while Nickel and Aluminium futures were trading at Rs 1,700.30 and Rs 246.20 per Kg respectively on MCX.