Mumbai: Sovereign gold price remained firm in the Kerala market. Sovereign gold is trading at Rs 37,560 per 8 gram. One gram gold is priced at Rs 4695.
On the Multi Commodity Exchange (MCX), gold futures settled at 50,810 on Friday. The precious metal witnessed a weekly loss of 2.2%. The silver futures ended higher by 0.37% to Rs 57,148 per kg. 24 carat gold is priced at Rs 50,850 per 10 gram and 22 carat gold cost Rs 46,580 per 10 gram in the market.
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In the global markets, spot gold was up by 0.1% at $1,741.94 per ounce. Yellow metal has lost about 3.7% so far this week. This is the worst fall of gold price since mid-May. U.S. gold futures surged by 0.2% at $1,742.30.
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