On December 10, 2021, gold prices have recorded a hike, while silver is trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 59 or 0.12 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 47,981 per 10 grams.

Meanwhile, silver futures maturing on March 4, 2022, are trading at Rs 60,796 per kg on the MCX, recording a dip of Rs 43 or 0.07 per cent.

Yesterday, both gold and silver were trading on the higher side of the MCX. While gold was trading at Rs 48,035 per 10 grams, silver was at Rs 61,640 per kg.

Gold and Silver prices on international market:

As per Reuters, gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors stayed away from making big bets ahead of U.S. inflation data that could prompt the Federal Reserve to scale back its bond purchases at a faster pace.

Spot gold rose 0.2 per cent to $1,778.13 per ounce by 0352 GMT. U.S. gold futures gained 0.2 per cent to $1,779.30.

Bullion prices have fallen 0.4 per cent so far in the week as investors exercised caution before the U.S. Consumer Price Index report, due at 1330 GMT, and the Fed policy meeting next week.

Investors also took stock of U.S. jobless claims dropping to their lowest in more than 52 years last week as labour market conditions continued to tighten amid an acute shortage of workers.

Meanwhile, spot silver rose 0.3 per cent to $22.00 an ounce but was headed for a fourth consecutive weekly drop.

Gold and Silver prices in major Indian cities: