On December 20, 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 1 or 0.00 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 48,594 per 10 grams.

Meanwhile, silver futures maturing on March 4, 2022, are trading at Rs 61,901 per kg on the MCX, recording a dip of Rs 400 or 0.64 per cent.

Gold and Silver prices on international market:

As per Reuters, gold prices edged higher on Monday, hovering near a three-week high hit in the previous session, as fears over the rapidly spreading Omicron coronavirus variant boosted the metal’s safe-haven appeal.

Meanwhile, spot gold was up 0.2 per cent at $1,800.42 per ounce by 0113 GMT. U.S. gold futures were down 0.2 per cent at $1,801.50.

The possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New Year holidays loomed over several European countries as the Omicron variant spreads rapidly.

According to the report, U.S. health officials urged Americans on Sunday to get booster shots, wear masks and be careful if they travel over the winter holidays, as the Omicron variant raged across the world and was set to take over as the dominant strain in the United States.

On the other hand, the U.S. dollar index hovered close to a three-week high hit in the previous week. The spot silver was up 0.1 per cent at $22.37 an ounce.

Gold and Silver prices in major Indian cities: