Mumbai: Sovereign gold price touched new all-time high in Kerala. Gold price gained for fourth straight day in the state. The yellow metal is trading at Rs 64,560, up by Rs 280 per 8 gram. One gram gold is priced at Rs 8070, higher by Rs 35. Yesterday, gold price gained by Rs 520 per 8 gram. In last four days, gold price appreciated by Rs 1440 per 8 gram.
In other major markets, gold experienced a modest increase on Thursday. The cost of 24 carat gold is Rs.8783.3 per gram, reflecting an increase of Rs 700. The cost of 22 carat gold is 8048.3 per gram, a rise of Rs ?600.The price fluctuation of 24 carat gold over the past week is recorded at 0.5%, while over the last month, the change stands at -6.21%. 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 higher at Rs 86,487 per 10 grams, up by 0.67% or Rs 577, while silver March futures contracts were trading at Rs 96,903/kg, up by 0.52% or Rs 497. On Wednesday, gold April futures contract settled at Rs 85,910 per 10 grams with a loss of 0.24% and silver March futures contract settled at Rs 96,406 per kilogram with a loss of 0.46%.
In global markets, price of spot gold rose 0.2% to $2,938.57 an ounce. Gold scaled an all-time high of $2,946.85 on Wednesday. U.S. gold futures gained 0.7% to $2,955.20. Price of spot silver was steady at $32.71 an ounce. Platinum fell 0.2% to $969.70, and palladium was steady at$968.38
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