Gold prices increased in international markets on March 9, 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 Wednesday, March 9, 2022. Gold futures were trading at Rs 54,776.00 per 10 gm, up 552  points or 1.02%, in the Indian market. Silver futures were trading at Rs 72,642.00 per kg, up 1,257 points or 1.76%.

In global markets, gold was priced at $2,047.74 per oz. Platinum was trading at $1,165.00 while palladium was trading at $3,211.84. 

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In the spot market, the 22-carat gold was sold at Rs 52,260 per 10 grams while silver was priced at Rs 70,890 per kg on Tuesday according to the Indian Bullion and Jewellers Association.  

Copper futures were trading at Rs 844.00 up 0.46% while Nickel and Aluminium futures were trading at Rs 3,400.00 and Rs 282.45 per Kg respectively on MCX. 

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The 10 grams of 22-carat gold in Mumbai, New Delhi and Kolkata is valued at Rs 49,400 as per the Good Returns website. In Chennai, the same quantity of the much-in-demand metal is being traded at Rs 50,200.

The price of 24-carat gold, 10 grams of it is being sold in New Delhi, Mumbai and Kolkata, at Rs 53,890. While in Chennai, the same amount of 24-carat purity is rated at Rs 54,760.

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In Bangalore, Hyderabad and Kerala, the value of 10 grams of 22-carat gold is Rs 49,400. The same amount of 24-carat gold in the above three areas is priced at Rs 53,890.

Similarly, in Coimbatore and Madurai, 10 grams of 22-carat gold is sold at Rs 50,200, whereas the price of 10 grams of 24-carat gold in these two cities is Rs 54,760.

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In Nagpur, Chandigarh and Surat, 10 grams of 22-carat gold are being traded at Rs 49,460, Rs 49,550 and Rs 49,490, respectively. On the other hand, 10 grams of 24-carat gold is priced at Rs 53,950 in Nagpur, Rs 54,050 in Chandigarh, and Rs 53,900 in Surat, today.

In Visakhapatnam, Bhubaneswar and Mangalore, 10 grams of 22-carat purity is being procured at Rs 49,400. The value of 10 grams of 24-carat gold is being sold at Rs 53,890 in the above cities.