Mumbai: Price of sovereign gold remained unchanged in Kerala. Sovereign gold is priced at Rs 44,440 per 8 gram and Rs 5555 per 1 gram. Yesterday, yellow metal price edged lower sharply by Rs 360 per 8 gram. On Friday, ellow metal gained by Rs 240 per 8 gram. On the Multi Commodity Exchange (MCX), gold futures settled at Rs 59,654. Silver futures ended at Rs 70,025.
According to the India Bullion and Jewellers Association (IBJA), demand for gold in the country increased about 7.7% by volume to an estimated 42 tonnes and 10% by value to Rs 22,000 crore. Data released by Association of Mutual Funds in India revealed that investors invested s 841 crore in October in Gold Exchange Traded Funds (ETFs).
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According to the data, Gold-linked ETFs saw an inflow of Rs 841 crore last month, as compared to Rs 175.3 crore in September. The category recorded Rs 1,028 crore in August, which was the highest monthly inflow in 16 months, and Rs 456 crore in July.
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