Mumbai: Price of gold edged lower for first time in January 2025. Sovereign gold is trading in Kerala at Rs 57,720, down by Rs 320 per 8 gram. One gram gold is trading at Rs 7215, down by Rs 40. Yesterday, gold price gained by Rs 640 per 8 gram.
In other major markets, gold prices experienced a modest increase on Saturday. The cost of 24 carat gold is Rs.7938.3 per gram, reflecting an increase of Rs 870. The cost of 22 carat gold is 7278.3 per gram, a rise of Rs 800. The price fluctuation of 24 carat gold over the past week is recorded at -0.22%, while over the last month, the change stands at -0.14%. The current price of silver in India is 95700 per kg, reflecting an increase of 2200 per kg.
Also Read: Six workers killed in explosion at firecracker manufacturing factory
In the Multi Commodity Exchange (MCX), gold February futures contracts opened flat on Friday at Rs 77,900/10 gram, which is up by 0.24% or Rs 183. Silver March futures contracts were trading at Rs 89,399/kg, up by 0.25% or Rs 226. Gold prices increased by Rs 1,356/10 grams in this week so far while silver prices went up by Rs 500/kg in the same period.
In global markets, price of spot gold rose 0.1% to $2,660.25 per ounce. Gold was up about 1.5% for the week so far. U.S. gold futures rose 0.2% to $2,673.90. price of spot silver fell 0.1% to $29.54 per ounce, platinum was steady at $923.09, and palladium shed 0.2% to $909.74. Both silver and platinum were on track of weekly rises.
Post Your Comments