Mumbai: Price of sovereign gold declined in Kerala for first time in March. Gold is priced at Rs 64,400, down by Rs 480 per 8 gram. One gram gold is priced at Rs 8000, down by Rs 60. Yesterday, gold price gained by Rs 80 per 8 gram. In last four days, gold price appreciated by Rs 1120 per 8 gram. On March 1 and 2 gold
In other major markets, gold prices experienced a modest decrease on Friday. The cost of 24 carat gold is Rs.8765.3 per gram, reflecting an decrease of Rs 510. The cost of 22 carat gold is 8036.3 per gram, a fall of Rs 470. The price fluctuation of 24 carat gold over the past week is recorded at -0.64%, while over the last month, the change stands at -1.3%. The current price of silver is 102200 per kg, reflecting an increase of 1200 per kg.
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In the Multi Commodity Exchange (MCX), gold April futures contracts opened slightly lower by Rs 304 or 0.35% at Rs 85,730/ 10 grams. Gold April futures contracts at MCX have risen by Rs 1,500/10 grams in this week so far. Silver May futures contracts were trading at Rs 97,886/kg, down by 0.26% or Rs 255.
On Thursday, gold April futures contract settled at Rs86,034 per 10 grams with a gain of 0.23% and silver May futures contract settled at Rs98,141 per kilogram with a gain of 0.61%.
In global markets, price of spot gold slipped 0.3% to $2,900.48 an ounce. Gold has gained 1.6% so far this week. U.S. gold futures eased 0.6% to $2,908.70. Price of spot silver was little changed at $32.60 an ounce and platinum was largely flat at $965.23, while palladium fell 0.3% to $939.25.
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