Mumbai: Price of yellow metal edged lower in the commodity market. In Kerala, sovereign gold is trading at Rs 36,800, down by Rs 400 per 8 gram. Yesterday, price of the precious metal surged Rs 400 per 8 gram.
On the Multi Commodity Exchange (MCX), gold price witnessed a sharp fall on Friday. Gold futures settled at Rs 49,399 per 10 gm. In the session it touched its 6-month low of Rs49,250 per 10 gm.
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In the international market, price of spot gold price finished at 2-year low of $1,643 per ounce.
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