Mumbai: Gold price edged lower sharply. Sovereign gold is trading in the Kerala market at Rs 45,200, down by Rs 560 per 8 gram. In the last three days the yellow metal gained sharply and touched a new all-time high.
On the Multi Commodity Exchange (MCX), gold futures settled at Rs 61,505 per 10 gram. Silver futures finished at Rs 78,182, up by Rs 144 or 0.18% per kg.
Also Read: Public sector bank hikes interest rates on bulk term deposits
Globally, the yellow metal prices were flat on Friday but are set for their biggest weekly gain in nearly two months. Price of spot gold remained firm at $2,050.63 per ounce, but was up 3% for the week. U.S. gold futures were up 0.1% to $2,058.50.
Post Your Comments