Mumbai: Price of sovereign gold depreciated marginally in Kerala on Monday, October 7. Gold is priced at Rs 56,800, down by Rs 160 per 8 gram. One gram gold is priced at Rs 7100, down by Rs 20. In the last three days, gold price remained unchanged at record high of Rs 56,960 per 8 gram.
In other major markets, gold prices experienced a minor decline on Monday. The price of 24 carat gold is Rs.7783.3 per gram, representing a decrease of Rs.10. The price of 22 carat gold is Rs.7136.3 per gram, also down by Rs.10. The price change in 24 carat gold over the past week has been -0.58%, while over the past month, it has decreased by -5.64%.The current price of silver is Rs.100000 per kg, down by Rs.100 per kg.
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In Multi Commodity Exchange (MCX), gold futures contracts opened flat today at Rs 75,999 per 10 gram, which is down by 0.19% or Rs 144. Silver futures contracts were trading at Rs 93,080/kg, down by 0.29% or Rs 269. In the last week, gold prices have increased by Rs 300/10 gm while silver prices are up by Rs 2,360/kg. On Friday, gold futures contract settled at Rs76,143 per 10 gram with a loss of 0.13% while silver futures contract settled at Rs93,349 per kilogram.
In global markets, price of spot gold slipped 0.1% to $2,650.79 per ounce. U.S. gold futures rose 0.1% to $2,670.20. Price of spot silver rose 0.3% to $32.26 per ounce. Platinum gained 0.2% to $989.92 and palladium rose 1.1% to $1,022.92.
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