Mumbai: Price of gold touched new life-time high in Kerala on October 2, 2024. Gold is priced at Rs 56,800, up by Rs 400 per 8 gram. One gram gold is trading at Rs 7100, up by Rs 50. Yesterday, gold price declined by Rs 240 per 8 gram.
In other major markets, gold prices experienced a slight decline on Wednesday. The cost of 24 carat gold is Rs.7707.3 per gram, reflecting a decrease of Rs.330. The cost of 22 carat gold is Rs.7066.3 per gram, down by Rs.300. The price change in 24 carat gold over the past week has been -0.46%, while in the last month it has seen a decline of -5.5%.The current price of silver stands at Rs.98000 per kilogram.
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In the Multi Commodity Exchange (MCX), gold futures contracts settled flat on Tuesday at Rs 75,553 per 10 gram, which is down by 0.08% or Rs 58. Silver futures contracts were trading at Rs 90,906/kg, up by 0.21% or Rs 187. Gold and silver prices witnessed some profit booking in the last 3 sessions with the former dipping by Rs 700 per 10 gram while the latter is down by Rs 500/kg. On Monday, gold futures contract settled at Rs75,611 per 10 gram with a loss of 0.14% and silver futures contract settled at Rs90,719 per kilogram with a loss of 0.74%. Multi Commodity Exchange will remain shut today on account of Gandhi Jayanti.
In global markets, price of spot gold edged 0.2% lower to $2,658.07 per ounce. Gold hit a record high level of $2,685.42 on Thursday. U.S. gold futures were down 0.4% to $2,679.10. Price of spot silver fell 0.3% to $31.31 per ounce, platinum gained 0.4% to $989.49 and palladium rose 0.61% to $1,000.75.
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.33% to 874.82 tonnes on Tuesday.
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