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Commodity Market: Gold price surged marginally

Thiruvananthapuram: Price of sovereign gold surged marginally in the Kerala market. Sovereing gold is trading at Rs 37,920. Higher by Rs 240 per 8 gram. One gram gold is priced at Rs 4740, higher by Rs 30.

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On Multi Commodity Exchange (MCX), gold future ended at Rs 51,344 per 10 gram. On the  international market, price of spot gold settled at $1883 per ounce. According to market experts, gold prices are under pressure as Dollar Index has sustained at its 20-year high levels.

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