Mumbai: Price of gold remained unchanged for second day in a row in the Kerala market. On Saturday, the yellow metal gained by Rs 120 per 8 gram. Sovereign gold is trading at Rs 42,120 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 57,229 per 10 gram, down Rs 50 or 0.09%. Silver futures were trading higher by Rs 141 at Rs 68,470 per kg.
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Globally, the yellow metal prices remained steady as traders await the US Federal Bank’s verdict on rate hikes. Spot gold held its ground at $1,926.65 per ounce. U.S. gold futures were down 0.2% at $1,925.50.
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