Mumbai: Price of sovereign gold remained unchanged in Kerala today. Sovereign gold is priced at Rs 46,400 per 8 gram and Rs 5800 per 1 gram. Yesterday, yellow metal price gained by Rs 240 per 8 gram and Rs 30 per 1 gram.
On the Multi Commodity Exchange (MCX), gold futures settled at 62,209 per 10 gram, up by Rs 421 or 0.68%. Meanwhile, the Silver futures were trading at Rs 71,897 per kg, higher by Rs 543 or 0.76%.
Gold is down by 2.24% or by Rs 1,415 from the 2023 closing price while silver futures have corrected by 4.13% or Rs 3,076 per kg in the last two sessions. After ending 2023 with gains of 15.22% or by Rs 8,372 per 10 gram, MCX gold futures have started this year on a weak note and have carried the sluggishness into the second week as well.
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Price of gold in major markets like Delhi, Ahmedabad and other cities is Rs 62,300 per 10 gram while those of 1 kg of Silver is Rs 72,500.
In global markets, spot gold is trading at $2048.99, up by $13.95 per ounce. Comex Gold futures were trading at $2,038.10 per troy ounce, up by $18.90 or 0.94% while silver futures were trading at $23.020, higher by $0.315 or 1.390%.
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