Mumbai: Sovereign gold price remained unchanged in Kerala. Sovereign gold is priced at Rs 48,600 per 8 gram and Rs 6075 per 1 gram. This is all-time high price of gold in the state. Yesterday, yellow metal gained by Rs 400 per 8 gram.
In other major markets, gold prices experienced a slight decline on Sunday. The price of 24 carat gold is now at Rs.6625.4 per gram, a decrease of Rs.650., while the cost of 22 carat gold is Rs.6068.9 per gram, down by Rs.595. Over the last week, the price change in 24 carat gold has been -2.43%, and over the last month, it has seen a decline of -3.02%.
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On the Multi Commodity Exchange, gold futures hit yet another lifetime high of Rs 65,298 per 10 grams on Thursday getting dearer by more than Rs 2,700 in the first week of March. Gold futures settled at Rs.65421 per 10 gram up by 0.373%. Silver futures ended at Rs.75476 per kg up by 0.126%. Multi Commodity Exchange remained closed on Friday due to Maha Shivaratri.
In global markets, price of spot gold is trading at $2,178.80 per ounce, up by $17.09. U.S. gold futures fell 0.2% to $2,153.60. Gold prices hit a record peak of $2,152.09 per ounce overnight on Wednesday, rallying for a sixth straight session. Price of spot platinum fell 0.2% to $905.70 per ounce, and palladium rose 0.3% to $1045.09. Price of palladium popped back above the $1,000 mark in the previous session for the first time since January 12. Spot silver dropped 0.4% to $24.06.
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