Mumbai: Sovereign gold price appreciated sharply in Kerala. Yellow metal prices crossed Rs 54,000 mark for the first time in the state. Sovereign gold is priced at Rs 54,360, up by Rs 720 per 8 gram. Yesterday, gold price edged higher by Rs 440 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures rose Rs 642 or 0.89% to t Rs 72,919 per 10 gram. Silver futures gained Rs 334 or 0.4% to Rs 84,185 per kg. Gold June futures ended last session at Rs 72,277 per 10 gram with a gain of 0.60% and silver futures settled at Rs 83,851 per kilogram with a gain of 1.25%.
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In global markets, price of spot gold edged up 0.1% at $2,383.37 per ounce. Gold hit an all-time high of 2,431.29 on Friday. U.S. gold futures rose 0.7% to $2,400.00 per ounce. Price of spot silver fell 0.1% to $28.86 per ounce, platinum rose 0.8% to $969.70 and palladium lost 0.8% at $1,027.06.
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