Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Tuesday, March 29, 2022.
Witnessing a marginal drop of Rs 353 or 0.68 per cent, gold futures maturing on April 5, 2022, are retailing at Rs 51,342 per 10 grams on the MCX.
Meanwhile, the rate of silver futures, maturing on May 5, 2022, stood at Rs 67,890 per kg, recording a drop of 0.74 per cent or Rs 505.
Gold and silver prices on the international market:
As per the report by Reuters, Gold prices were flat on Tuesday as the U.S. dollar held firm at a three-week high in the previous session and yields climbed, while investors refrained from making big bets ahead of Russia-Ukraine peace talks starting later in the day.
Spot gold was flat at $1,925.86 per ounce, as of 0218 GMT. U.S. gold futures were down 0.7 per cent at $1,926.00. The dollar index held firm near a three-week high hit in the previous session, making gold more expensive for other currency holders.
China’s net gold imports through Hong Kong fell 13.7 per cent in February to their lowest level in nearly a year, official data showed, as the Lunar New Year holidays and high prices dented demand.
Spot silver was up 0.4 per cent at $24.94 per ounce and platinum edged higher 0.3 per cent to $986.61, while palladium rose 0.8 per cent to $2,250.97.
Gold and silver prices in major Indian cities:
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 47,750||Rs 68,000|
|MUMBAI||Rs 47,750||Rs 68,000|
|KOLKATA||Rs 47,750||Rs 68,000|
|CHENNAI||Rs 47,960||Rs 72,300|