Mumbai: Price of gold slipped down in the forex market. On the Multi Commodity Exchange (MCX), gold June futures were down by Rs 279 or 0.56% to Rs 49,894 per 10 gram. Silver July futures were trading at Rs 60,623 per kg, down by Rs 533 or 0.87%.
In the Kerala market, sovereign gold is priced at Rs 36,880, lower by Rs 560 per 8 gram. Price of sovereign gold slipped down by Rs 880 in last 6 days. One gram gold is priced at Rs 4610 , down by Rs 70.
Also Read: Forex Market: Indian rupee depreciates against US dollar
In the international market, gold prices edged higher as a weakening dollar. A weaker dollar makes gold more attractive for investors holding other currencies. Price of spot gold was up by 0.1% at $ 1,816.56 per ounce. U.S. gold futures dipped by 0.2% to $ 1,814.50.
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