On Friday, December 31, 2021, both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a marginal hike of Rs 38 or 0.08 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 47,974 per 10 grams on the MCX.

Meanwhile, the rate of silver futures, maturing on March 4, 2022, stands at Rs 62, 400 per kg, recording a jump of 0.13 per cent or Rs 80.

Notably, the prices of gold and silver stood at Rs 47,885 per 10 grams and Rs 62,160 per kg respectively when the market closed on December 30.

Gold and Silver prices in international market:

On Friday, in the international market, spot gold rose 0.2 percent to $1,818.43 per ounce by 0119 GMT, hovering close to a one-month high recorded on December 28, news agency Reuters reported.

Meanwhile, U.S. gold futures were up 0.2 percent at $1,818.00.

As per the latest metal report, gold was set for its biggest annual decline since 2015, after a downfall of 4 percent so far this year, as economies recovered from the pandemic’s impact, reducing demand for the safe-haven metal.

On the other hand, benchmark 10-year U.S. Treasury yields dipped from one-month highs on Thursday.

In addition to this, spot silver rose 0.3 percent to $23.11 an ounce.

Gold and Silver prices in major Indian cities: