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Commodity Market: Gold price remain firm for third day in a row

Mumbai: Price of sovereign gold remained unchanged in Kerala for third day in a row. Yellow metal is priced at Rs 53,360 per 8 gram. On Monday, gold price declined by Rs 200 per 8 gram.

On the Multi Commodity Exchange(MCX),  gold futures opened flat on Thursday at Rs 71,484 per 10 gram, rising 0.03% or Rs 18. Silver futures  were trading at Rs 83,750/kg, up 0.22% or Rs 185. In this week so far, the prices of gold have traded flat, tumbling by merely Rs 127 while silver has fallen by nearly Rs 1,500 per kilogram.

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In global markets, price of spot gold was unchanged at $2,494.54 per ounce. US gold futures were little changed at $2,524.50. Price of spot silver fell 0.1% to $28.244 per ounce, platinum gained 0.7% to $908.60 and palladium was flat at $933.75.

 

 

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