In the Indian market, gold prices fell sharply on
Wednesday, June 1, 2022, after a stronger US dollar put pressure on the yellow
metals. The ease in lockdown and reopening of economic activities in China also
pressured yellow metal down.

In global markets, gold fell to its lowest in two weeks
as a stronger dollar makes bullion more expensive for buyers holding other
currencies.

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Gold prices on the Multi Commodity Exchange (MCX) fell
sharply on Wednesday, June 1, 2022. Gold futures were trading at Rs 50,500.00 per
10 gm, down 347 points or 0.68%, in the Indian market. Silver futures were
trading at Rs 60,697.00 per kg, down 428 points or 0.70%.

In global markets, gold was priced at $1,833.39 per oz
while Silver is priced at $21.53. Platinum was trading at $977.00 while
palladium was trading at $2,015.58.

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In the spot market, the 22-carat gold was sold at Rs 49,900
per 10 grams while silver was priced at Rs 61,321 per kg on Tuesday according
to the Indian Bullion and Jewellers Association.

Copper futures were trading at Rs 771.30, down 0.43%
while Natural Gas and Aluminium futures were trading at Rs 649.50 and Rs 233.30
per Kg respectively on MCX.

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In New Delhi, Mumbai and Kolkata, 10 grams of 22-carat gold
are being traded at Rs 47,740, according to the Good Returns website.

In Chennai, the same quantity of gold is being traded at
Rs 48,910.

The 24-carat gold rates, 10 grams of it in New Delhi,
Mumbai and Kolkata are being sold at Rs 52,090. The same amount of 24-carat
purity is being traded-in Chennai at Rs 52,250.

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In Ahmedabad and Jaipur, 10 grams of 22-carat gold are
being purchased at Rs 47,800 and Rs 47,900 respectively. The same quantity of
24-carat purity is valued at Rs 52,200 in Ahmedabad and Rs 52,250 in Jaipur.

In Hyderabad, Kerala and Bengaluru, 10 grams of 22-carat
gold is priced at Rs 47,740. Similarly, in Bhubaneshwar, Vijayawada, and
Mysore, the same amount of 22-carat purity is also being sold at Rs 47,740.
Moreover, 10 grams of 24-carat gold is valued at Rs 52,090 in all the above
areas.

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The ten grams of 22-carat gold costs Rs 47,770 in Nagpur and
Rs 47,790 in Surat. The same amount of 24-carat purity costs Rs 52,140 in Nagpur
and Rs 52,190 in Surat.

In Coimbatore and Chandigarh, 10 grams of 22-carat gold
are being sold at Rs 47,910 and Rs 47,890 today. The same quantity of 24-carat purity
costs Rs 52,250 in Coimbatore and Rs 52,240 in Chandigarh.