On Monday, March 21, 2022, while gold is trading on the lower side, silver rates are retailing on the higher side of the Multi Commodity Exchange (MCX).
Recording a marginal dip of Rs 31 or 0.06 per cent, gold futures, maturing on April 5, 2022, are trading at Rs 51,513 per 10 grams on the MCX.
Meanwhile, the market rates for silver futures, maturing on May 5, 2022, stand at Rs 68,172 per kg, recording a hike of Rs 150 or 0.22 percent on the MCX.
Notably, the prices of gold and silver stood at Rs 51,447 per 10 grams and Rs 67,876 per kg respectively when the market closed on March 18.
Gold and silver prices on the international market:
As per Reuters, gold was unchanged on Monday, hovering near a two-week low hit last week, as investors eyed developments in the Russia-Ukraine conflict while looking to price in the U.S. Federal Reserve’s more aggressive measures to combat inflation.
As per the latest metal report, spot gold was flat at $1,921.80 per ounce, after touching its lowest since Feb 28 at $1,894.70 last week. Meanwhile, U.S. gold futures were down 0.3 percent to $1,923.90.
In addition to this, spot silver was up 0.2 percent to $25.00 per ounce, among other metals.
Gold and silver prices in major Indian cities:
|CITY||GOLD (per 10 grams, 22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 47,300||Rs 68,000|
|MUMBAI||Rs 47,300||Rs 68,000|
|KOLKATA||Rs 47,300||Rs 68,000|
|CHENNAI||Rs 48,050||Rs 72,300|