DH Latest NewsDH NEWSLatest NewsNEWSBusiness

Commodity Market: Gold price decline marginally

Mumbai: Sovereign gold price depreciated marginally in Kerala on September 28. Gold price is falling  after ten days in the state. Gold is priced at Rs 56,760, down by Rs 40 per 8 gram. One gram gold is priced at Rs 7095, down by Rs 5. Yesterday, yellow metal was at an all-time high of Rs 56,800 per 8 gram.

In other major markets, gold prices experienced a slight increase on Saturday. The cost of 24 carat gold is Rs.7763.3 per gram, reflecting an increase of Rs.450. The cost of 22 carat gold is Rs.7118.3 per gram, marking an increase of Rs.420. The price change for 24 carat gold over the past week stands at -1.42%, while over the past month, it has recorded a decrease of -3.85%.The current cost of silver is Rs.99200 per kilogram, which has increased by Rs.1200 per kilogram.

Also Read: Foreign exchange reserves of India touch new lifetime high

In Multi Commodity Exchange (MCX), gold  futures contracts at opened flat today at Rs 75,376 per 10 gram, which is down by 0.01% or Rs 11. Silver futures contracts were trading at Rs 92,322/kg, down by 0.37% or Rs 342. In the last one week, gold prices have surged by Rs 1,900 per 10 gram while silver rose Rs 2,350/kg in the same time.

In global markets, price of spot gold was steady at $2,670.50 per ounce. Gold hit a record high of $2,685.42 on Thursday. Gold  prices have risen more than 29% so far this year.  U.S. gold futures edged 0.1% lower to $2,692.70. Price of spot silver fell 0.4% to $31.91 per ounce, after hitting a 12-year peak in the previous session. Platinum was steady at $1,006.65 and palladium shed 0.4% to $1,043.22.

shortlink

Post Your Comments


Back to top button