Mumbai: Gold prices climbed on Frida in the commodity market. The weakening of the US dollar has supported the yellow metal.
On the Multi Commodity Exchange (MCX), gold futures rallied 0.13% or Rs 64, to Rs 48,710 per 10 gram. Silver futures slipped down marginally by 0.07% or Rs 42, at Rs 62,109 per kg.
In the Kerala market, sovereign gold is trading at Rs 36,560 per 8 gram, higher by Rs 320. One gram gold is priced at Rs 4570, up by Rs 40.
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In the international market, spot gold was up 0.2% at $ 1,802.87 per ounce. US gold futures rose 0.3% to $ 1,802.60. The price of yellow metal has risen 1.1% so far in the week. Among other precious metals, silver dipped 0.1% to $ 22.44 per ounce, platinum remained unchanged at $ 936.01 and palladium rose 1.2% to $ 1,750.57.
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