Mumbai: Price of sovereign gold remained unchanged for third day in a row in Kerala. Sovereign gold is priced at Rs 57,720 per 8 gram and Rs 7215 per 1 gram. On Saturday, gold price declined by Rs 360 per 8 gram. Before that gold price appreciated by Rs 1200 per 8 gram in three days.
In other major markets, gold prices experienced a remained steady on Tuesday. The cost of 24 carat gold is Rs.7887.3 per gram, reflecting no change . The cost of 22 carat gold is 7231.3 per gram, reflecting no change. The price fluctuation of 24 carat gold over the past week is recorded at -1.47%, while over the last month, the change stands at -1.39%. The current price of silver in India is 94500.0 per kg, reflecting no change .
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In the Multi Commodity Exchange (MCX), gold February futures contracts opened flat today at Rs 77,249 per 10 gram, which is up by 0.12% or Rs 91. Silver March futures contracts were trading at Rs 90,575/kg, up by 0.02% or Rs 21. Gold prices went up by Rs 350/ 10 grams in the last one week while silver prices fell by Rs 3,000/kg in the same period. On Monday, gold February futures contract settled at Rs 77,158 per 10 grams with a loss of 0.21% while silver March futures contract settled at Rs 90,554 per kilogram with a gain of 1.49%.
In global markets, price of spot gold was steady at $2,636.05 per ounce. U.S. gold futures remained unchanged at $2,647.30. Price of spot silver was flat at $29.94 per ounce, platinum rose 0.1% at $933.90 and palladium added 0.1% to $921.82.
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