On December 1, while gold was trading on the lower side of the Multi Commodity Exchange (MCX), silver recorded a marginal hike. Witnessing a dip of Rs 65 or 0.14 per cent, gold futures, maturing on February 4, 2022, are trading at Rs 47,799 per 10 grams on the MCX.
Meanwhile, recording a marginal hike of Rs 63 or 0.10 per cent, silver futures, maturing on March 4, 2022, stand at Rs 62,325 per kg.
Gold and silver prices in international market
According to Reuters, gold edged higher on Wednesday, hovering close to a one-month low, after the U.S. Federal Reserve Chair Jerome Powell said the central bank would discuss ending its bond purchases sooner.
Meanwhile, spot gold rose 0.1 per cent to $1,775.85 per ounce by 0211 GMT, only $2 shy of Tuesday’s last recorded price, which was the lowest since Nov.4. U.S. gold futures were steady at $1,776.60.
The World Health Organization warned countries not to impose blanket travel bans on the new Omicron coronavirus variant, as governments and scientists try to determine how much protection current vaccines would offer against the strain.
On the other hand, spot silver fell 0.3 per cent to $22.73 an ounce. Platinum gained 0.7 per cent to $940.48, while palladium gained 1 per cent to $1,756.19.
Gold and Silver prices in Indian cities:
|CITY||GOLD (per 10 grams,22 carats)||SILVER (per kg)|
|NEW DELHI||Rs 46,990||Rs 61,700|
|CHENNAI||Rs 44,880||Rs 66,300|
|MUMBAI||Rs 47,110||Rs 61,700|
|KOLKATA||Rs 47,290||Rs 61,700|