Mumbai: Price of sovereign gold edged lower in Kerala on Monday, January 27, 2025. Gold price is declining from its record-high after three days. Yellow metal is trading at Rs 60,320, down by Rs 120 per 8 gram and Rs 7540, down by Rs 15 per 1 gram.
In other major markets, gold prices experienced a modest decrease on Monday. The cost of 24 carat gold is Rs.8258.3 per gram, reflecting an decrease of Rs 10. The cost of 22 carat gold is 7571.3 per gram, a fall of Rs 10.The price fluctuation of 24 carat gold over the past week is recorded at -1.44%, while over the last month, the change stands at -5.56%. The current price of silver in India is 100500 per kg, reflecting an decrease of 100 per kg.
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In the Multi Commodity Exchange (MCX), gold February futures contracts were slightly down on Monday, trading at Rs 79,813 per 10 gram, falling by 0.27% or Rs 213. Silver March futures contracts were trading at lower by 1% or Rs 919 at Rs 90,680/kg.
In other major markets, price of spot gold was down 0.1% to $2,768.01 per ounce. U.S. gold futures shed 0.2% to $2,772.70. Price of spot silver was 0.3% lower to $30.52 per ounce, palladium dropped 0.8% to $979.72 and platinum fell 0.4% to 945.20. holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.47% to 860.17 tonnes on Friday from 864.19 metric tons on Thursday.
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