Mumbai: Price of sovereign gold depreciated sharply in Kerala. Sovereign gold is trading at Rs 45,080, down by Rs 200 per 8 gram. One gram gold is priced at Rs 5635, lower by Rs 25. Yesterday, gold price remained firm at Rs 45,280 per 8 gram. Before that the yellow metal gained by Rs 1200 per 8 gram. This month yellow metal price gained by Rs 3360 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures opened at Rs 60,477 per 10 gram. Silver opened at Rs 72,645 per kg on the MCX.
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In global markets, price of spot gold dropped 0.8% to $1,965.89 per ounce. U.S. gold futures slid 0.9% to $1,977.10. Price of spot silver fell 1.2% to $23.07 an ounce, platinum slipped 0.7% to $888.61 and palladium was down 0.1% to $1,096.58.
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 1.8% on Friday.
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