Mumbai: Price of sovereign gold edged higher again in Kerala. Gold is trading at Rs 64,360, higher by Rs 160 per 8 gram and Rs 8045, up by Rs 20 per 1 gram. Yesterday, gold price declined by Rs 360 per 8 gram . Gold price touched fresh all-time high of Rs 64,560 on February 20.
In other major markets, gold prices experienced a modest decrease on Saturday. The cost of 24 carat gold is Rs.8756.3 per gram, reflecting an decrease of Rs 660. The cost of 22 carat gold is 8031.3 per gram, a fall of Rs 570.The price fluctuation of 24 carat gold over the past week is recorded at -1.81%, while over the last month, the change stands at -6.35%. The current price of silver is 103400 per kg, reflecting an decrease of 100 per kg.
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On the Multi Commodity Exchange (MCX), gold April futures contracts ended slightly lower at Rs 85,749 per 10 grams, which is down by 0.32% or Rs 275. Meanwhile, silver March futures contracts settled at Rs 96,722/kg, down by 0.4% or Rs 391. On Thursday, gold April futures contract settled at Rs 86,024 per 10 grams with a gain of 0.13% and silver March futures contract settled at Rs 97,113 per kilogram with a gain of 0.73%.
In global markets, price of spot gold was up 0.1% to $2,941.25 an ounce. Gold rose about 2% so far this week and scaled an all-time high of $2,954.69 on Thursday. U.S. gold futures were steady at $2,956.60. Price of spot silver was steady at $32.93 an ounce. Platinum fell 0.2% to $976.42, and palladium firmed 0.4% to $981.29.
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