On December 14, 2021, gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a dip of Rs 23 or 0.05 per cent, gold futures, maturing on February 4, 2022, are trading at Rs 48,264 per 10 grams on the MCX.
Meanwhile, recording a marginal downfall of Rs 138 or 0.22 per cent, silver futures, maturing on March 4, 2022, stand at Rs 61,413 per kg.
Gold and silver prices in the international market:
As per Reuters, gold prices held steady on Tuesday, caught between lower bond yields and a stronger dollar, as investors watched for signs of how soon the U.S. central bank
could wind down pandemic support measures when it meets later in the day.
Meanwhile, spot gold was almost unchanged at $1,786.70 per ounce by 0341 GMT. U.S. gold futures fell 0.1 per cent to $1,786.40.
The dollar firmed, making bullion more expensive for buyers holding other currencies, while U.S. Treasury yields hovered near a one-week trough touched in the previous session.
The U.S. Federal Reserve shall begin its two-day monetary policy meeting later in the day, and it is expected to announce wrapping up its bond-buying stimulus sooner than previously communicated, potentially setting up earlier interest rate hikes next year.
On the other hand, spot silver dipped 0.5 per cent to $22.21 an ounce. Platinum dropped 0.2 per cent to $927.61, while palladium gained 0.2 per cent to $1,685.18.
Gold and Silver prices in major Indian cities:
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 47,260||Rs 61,500|
|MUMBAI||Rs 46,780||Rs 61,500|
|KOLKATA||Rs 47,350||Rs 61,500|
|CHENNAI||Rs 45,380||Rs 65,300|