After trading on the higher side on the Multi Commodity Exchange (MCX) on Tuesday, both gold and silver are trading on the lower side today. On December 29, 2021, with a dip of Rs 48 or 0.10 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 48,012 per 10 grams on the MCX.

Meanwhile, silver rates, maturing on March 4, 2022, stand at Rs 62,472 per kg, recording a downfall of Rs 47 or 0.08 per cent.

Yesterday, while gold prices stood at Rs Rs 48,328, recording a hike of Rs 100 or 0.21 per cent, silver was trading at Rs 62,525 per kg, recording a jump of Rs 163 or 0.26 per cent.

Gold and silver prices in the international market:

As per Reuters, gold prices held steady in thin trade on Wednesday as U.S. Treasury yields countered the impact of a slight improvement in risk sentiment.

Spot gold changed at $1,804.78 per ounce by 0123 GMT.

According to the latest metal report, benchmark 10-year U.S. Treasury yields edged lower, reducing the opportunity cost of non-interest paying gold holders.

Meanwhile, U.S. gold futures dropped 0.3 percent to $1,805.20.

In addition to this, spot silver was down 0.1 percent at $22.96 an ounce.

Gold and Silver prices in major Indian cities: