Mumbai: Sovereign gold price edged higher for second day in a row in Kerala. Gold price touched Rs 57,000 mark in the state. Gold is now trading at Rs 57,000, up by Rs 200 per 8 gram. One gram gold is priced at Rs 7125, up by Rs 25. Yesterday, gold price gained by Rs 80 per 8 gram.
In other major markets, gold prices experienced a modest increase on Thursday. The cost of 24 carat gold is Rs.7763.3 per gram, reflecting an increase of Rs 120. The cost of 22 carat gold is 7118.3 per gram, a rise of Rs 120. The price fluctuation of 24 carat gold over the past week is recorded at -0.41%, while over the last month, the change stands at -0.27%. The current price of silver in India is 94700 per kg, reflecting an increase of 300 per kg.
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In the Multi Commodity Exchange (MCX), gold February futures contracts opened slightly higher on Thursday at Rs 76,589/10 gram, which is up by 0.42% or Rs 319. Silver March futures contracts were trading flat at Rs 89,570/kg, up by 0.27% or Rs 244. Gold prices remained flat this week so far, gaining merely Rs 169/10 grams, while the price of silver went up by Rs 1,200/kg during the same period. On Tuesday, gold February futures contract settled at Rs 76,270 per 10 grams with a gain of 0.17% and silver March futures contract settled at
In global markets, price of spot gold rose 0.2% to $2,619.59 per ounce. U.S. gold futures steadied at $2,637.10. price of spot silver added 0.2% to $29.67 per ounce, while platinum fell 0.7% to $938.25 and palladium shed 0.7% to $946.50.
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