The prices of precious metals-gold and silver-had edged higher in the commodity market. In the Multi Commodity Exchange (MCX), the gold futures surged by 0.6% to Rs.47004 per 10 gram. Silver futures was also up by 0.6% to Rs.68,789 per kg.
In the Kerala market, the price of sovereign gold surged by Rs. 160 and reached at Rs.35,200 per 8 gram. One gram gold is priced at Rs.4400 up by Rs.20. On Friday the yellow metal was priced at Rs. 35,040.
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In the international market, the price of spot is at US dollar 1770.66 per ounce. Silver is priced at US dollar 25.90 per ounce. Among other precious metals, palladium rose 0.3% to US dollar 2,944.19 per ounce.
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