Mumbai: Price of sovereign gold appreciated sharply in Kerala on Monday. Gold price is gaining after two days. Sovereign gold is priced at Rs 63,520, higher by Rs 400 per 8 gram. One gram gold is trading at Rs 7940, up by Rs 50. Yesterday, gold price remained unchanged. On Friday, gold price declined by Rs 800 per 8 gram.
In other major markets, gold prices experienced a modest decrease on Monday. The cost of 24 carat gold is Rs.8623.3 per gram, reflecting an decrease of Rs 10. The cost of 22 carat gold is 7906.3 per gram, a fall of Rs 10. The price fluctuation of 24 carat gold over the past week is recorded at -0.11%, while over the last month, the change stands at -6.94%. The current price of silver is 103500 per kg, reflecting an decrease of 100 per kg.
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In the Multi Commodity Exchange (MCX), gold April futures contracts traded higher by 0.5% on Monday at Rs 85,077 per 10 grams, up by Rs 390. Meanwhile, silver March futures contracts were trading at Rs 95,665/kg, up by 0.08% or Rs 79. On Friday, gold April futures contract settled at Rs 84,686 per 10 grams with a loss of 1.31% while the silver March futures contract settled at Rs95,586 per kilogram with a gain of 0.37%.
In global markets, price of spot gold rose 0.1% to $2,885.95 per ounce. Gold has hit a record peak of $2,942.70 on February 11. U.S. gold futures fell 0.1% to $2,897.10. price of spot silver fell 0.2% to $32.08 an ounce, after hitting its highest level since October 31, 2024 on Friday. Platinum was up 0.3% at $982.55 and palladium climbed 1.3% to $974.08.
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