Mumbai: Sovereign gold price appreciated marginally in Kerala on Monday, December 30, 2024. Gold is priced at Rs 57,200, up by Rs 120 per 8 gram. One gram gold is trading at Rs 7150, up by Rs 15. Yesterday, gold price remained unchanged at Rs 57,080 per 8 gram.
In other major markets, gold prices experienced a modest decrease on Monday. The cost of 24 carat gold is Rs.7800.3 per gram, reflecting an decrease of Rs 10. The cost of 22 carat gold is 7151.3 per gram, a fall of Rs 10.The price fluctuation of 24 carat gold over the past week is recorded at -0.73%, while over the last month, the change stands at -0.01%. The current price of silver in India is 95400.per kg, reflecting an decrease of 100 per kg.
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In the Multi Commodity Exchange (MCX), gold February futures contracts opened slightly higher on Monday at Rs 76,727 per 10 gram, which is up by 0.24% or Rs 183. Silver March futures contracts were trading at Rs 88,967/kg, up by 0.09% or Rs 80. Gold prices fell by Rs 400/10 grams in the month of December so far while silver prices fell by Rs 2,250/kg in the same period. On Friday, gold February futures contract settled at Rs 76,544 per 10 grams with a loss of 0.37% and silver March futures contract settled at Rs 88,887 per kilogram with a loss of 0.84%.
In global markets, price of spot gold rose 0.1% to $2,622.93 per ounce. U.S. gold futures gained 0.2% to $2,637.30. Gold has gained over 27% so far this year and scaled an all-time peak of $2,790.15 on October 31. Price of spot silver added 0.1% to $29.41 per ounce, platinum gained 0.4% to $922.80 and palladium climbed 0.5% to $915.69. Holdings of SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, fell 0.03% to 872.52 tonnes on Friday.
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