Mumbai: Price of sovereign gold edged lower marginally in the Kerala market. Sovereign gold is trading at Rs 41,160, lower by Rs 120 per 8 gram. Yesterday, the yellow metal gained by Rs 240 per 8 gram.
On Multi Commodity Exchange (MCX), gold futures were trading at Rs 55,862 per 10 gram, down Rs 2. Silver futures were trading lower by Rs 440 at Rs 68,460 per kg.
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In the international markets, price of spot gold was down 0.2% at $1,868.85 per ounce. U.S. gold futures also slipped 0.2% to$1,873.10. The holdings of world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 0.2% to 915.32 tonnes. Among other precious metals, silver lost 0.1% to $23.61, platinum fell 0.1% to $1,077.32 and palladium remained unchanged at $1,775.40.
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