Gold prices increased in international markets on March 2, levelling out following a tumultuous session, as investors reviewed the circumstances surrounding Russia’s invasion of Ukraine and sanctions imposed on Moscow.

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Gold prices on the Multi Commodity Exchange (MCX) increased marginally on Thursday, March 3, 2022. Gold futures were trading at Rs 51,551.00 per 10 gm, up 257 points or 0.5%, in the Indian market. Silver futures were trading at Rs 68,111.00 per kg, up 444 points or 0.66%.

In global markets, gold was priced at $1,921.91 per oz. Platinum was trading at $1,073.05 while palladium was trading at $2,648.05. 

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In the spot market, the 22-carat gold was sold at Rs 50,170 per 10 grams while silver was priced at Rs 67,112 per kg on Wednesday according to the Indian Bullion and Jewellers Association.  

Copper futures were trading at Rs 808.50 up 1.44% while Nickel and Aluminium futures were trading at Rs 2,042.90 and Rs 293.15 per Kg respectively on MCX. 

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In Kolkata, New Delhi and Mumbai, 10 grams of 22-carat gold is being bought and sold for Rs 47,700, as per the Good Returns website. The same quantity of the precious yellow metal is being obtained for Rs 48,800 in Chennai today.

 In New Delhi, Mumbai and Kolkata, 10 grams of 24-carat gold is valued at Rs 52,040. The same quantity of 24-carat gold in Chennai is being traded at Rs 53,240 today.

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In Chennai, the price of 1 kg of silver is Rs 72,100. In Delhi, Kolkata and Mumbai, the price is Rs 67,200.