Mumbai: Price of sovereign gold edged lower marginally in Kerala on Saturday, November 9, 2024. Gold is priced at Rs 58,200, down by Rs 80 per 8 gram. One gram gold is trading at Rs 7275, down by Rs 10. Yesterday, gold price gained by Rs 680 per 8 gram. On Thursday, gold price declined by Rs 1320 per 8 gram.
In other major markets, gold prices remained steady on Saturday. The cost of 24 carat gold is Rs.7964.3 per gram, while the cost of 22 carat gold is Rs.7302.3 per gram. The price change in 24 carat gold over the past week has been 2.34%, whereas in the last month it has decreased by 2.45%. The current cost of silver is Rs.97100.0 per kg.
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In Multi Commodity Exchange (MCX), gold December futures contracts opened flat on Friday at Rs 77,375 per 10 gram, which is down by 0.05% or Rs 36. Silver December futures contracts were trading at Rs 92,089/kg, down by 0.24% or Rs 224. Gold prices fell by Rs 1,055/ 10 grams in the month of November so far while silver prices fell by Rs 2,500/kg in the same period. On Thursday, gold December futures contract settled at Rs77,411 per 10 grams with a gain of 0.99% .
In global markets, price of spot gold rose 0.1% to $2,708.89 per ounce, but was down nearly 1% for the week so far. U.S. gold futures gained 0.4% to $2,716.4. Gold prices climbed more than 1% in the previous session, recovering losses suffered after Donald Trump won the U.S. presidential race. Price of spot silver fell 0.1% to $31.98 per ounce, platinum gained 0.3% to $1,000.35 and palladium was flat at $1,024.40.
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