On December 21, 2021, gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a dip of Rs 75 or 0.16 per cent, gold futures, maturing on February 4, 2022, are trading at Rs 48,151 per 10 grams on the MCX.

Meanwhile, recording a marginal downfall of Rs 113 or 0.18 per cent, silver futures, maturing on March 4, 2022, stand at Rs 61,288 per kg.

Gold and silver prices in the international market:

According to Reuters, gold prices were stuck in a tight range on Tuesday as a slightly weaker dollar countered an improvement in risk sentiment, while a surge in cases due to the Omicron coronavirus variant persist as a worry for investors.

Spot gold was last up 0.1 per cent at $1,791.73 per ounce as of 0457 GMT, while U.S. gold futures fell 0.1 per cent to $1,792.30.

Meanwhile, the U.S. dollar index hovered below recent highs, having lost ground overnight after a blow to Democratic spending plans in Washington. A weaker dollar makes the greenback-priced bullion more appealing for overseas buyers.

“Gold investors lack the stomach for any sort of losses still, as evident by recent rapid retreats on rallies above $1,800,” said Jeffrey Halley, a senior market analyst at OANDA.

On the other hand, spot silver was little changed at $22.24 per ounce, platinum fell 0.2 per cent to $930.46.

Gold and Silver prices in major Indian cities: