Mumbai: Sovereign gold price again touched fresh life-time high in Kerala. Sovereign gold is priced at Rs 63,440, up by Rs 200 per 8 gram. One gram gold is priced at Rs 7930, higher by Rs 25. Yesterday, gold price edged higher by Rs 760 per 8 gram. In last three days, gold price gained by Rs 1800 per 8 gram.
In other major markets, gold prices experienced a modest increase on Thursday. The cost of 24 carat gold is Rs.8642.3 per gram, reflecting an increase of Rs 1040. The cost of 22 carat gold is 7923.3 per gram, a rise of Rs 950. The price fluctuation of 24 carat gold over the past week is recorded at -1.2%, while over the last month, the change stands at -6.34%.The current price of silver is 102700 per kg, reflecting an increase of 1200 per kg.
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In the Multi Commodity Exchange (MCX), gold April futures contracts opened marginally lower on Thursday at Rs 84,512/10 gram, which is down by 0.07% or Rs 55. Silver March futures contracts were trading at Rs 95,549/kg, down by 0.43% or Rs 416. In this week so far, the prices of gold have ended higher each day, gaining Rs 2,200/10g so far in the said period. Meanwhile, silver prices were also up by nearly Rs 2,300/kg.
In global markets, price of spot gold was up 0.1% at $2,867.79 per ounce. Bullion hit a record high of $2,882.16 in the previous session. U.S. gold futures shed 0.2% to $2,887.10. Price of spot silver added 0.1% to $32.35 per ounce, platinum edged 0.2% higher to $981.81, and palladium gained 0.1% to $990.66.
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