Mumbai: Price of sovereign gold edged higher for second straight day in Kerala. Gold is priced at Rs 63,760, higher by Rs 240 per 8 gram. One gram gold is priced at Rs 7970, up by Rs 30. Yesterday, gold price gained by Rs 400 per 8 gram.
In other major markets, gold prices experienced a modest increase on Tuesday. The cost of 24 carat gold is Rs.8680.3 per gram, reflecting an increase of Rs 570. The cost of 22 carat gold in India is 7958.3 per gram, a rise of Rs520. The price fluctuation of 24 carat gold over the past week is recorded at 1.53%, while over the last month, the change stands at -5.76%. The current price of silver in India is 103500 per kg, reflecting no change
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In the Multi Commodity Exchange (MCX), gold April futures contracts opened today at Rs 85,395 per 10 grams, up by 0.4% or Rs 340, largely remaining flat in the last one week, with a gain of Rs 128/10 grams. Silver March futures contracts opened higher by 0.31% or Rs 300 at Rs 95,880/kg. The same has surged by Rs 1,300/kg in the last one week.
In global markets, price of spot gold was up 0.1% at $2,898.99. U.S. gold futures gained 0.4% to $2,912.60. Price of spot silver fell 1.3% to $32.37 an ounce. Platinum gained 0.5% to $980.29, and palladium climbed 1.4% to $976.35.
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