Mumbai: Price of sovereign gold declined in Kerala. Gold is trading at Rs 52,600, down by Rs 400 per 8 gram. One gram gold is priced at 6575, down by Rs 50. Yesterday, yellow metal gained by Rs 560 per 8 gram. On Wednesday, gold price slipped down by Rs 800 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures price fell by Rs 102 or 0.14% to Rs 70,634 per 10 gram. Silver futures price were down by Rs 44 or 0.05% to Rs 81,319 per kg.
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In the U.S. markets, spot gold held its ground at $2,301.49 per ounce. Gold had lost more than 1% this week. Prices have fallen $130 after hitting a record high of $2,431.29 earlier in April. U.S. gold futures edged 0.1% higher to $2,311.20.
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