Mumbai: Price of sovereign gold edged lower for second day in a row in Kerala. On Saturday, March 22, 2025, gold is priced at Rs 66,160, down by Rs 320 per 8 gram. One gram gold is priced at Rs 8230, lower by Rs 40. Yesterday, gold price declined by Rs 320 per 8 gram. Gold price crossed Rs 66,000 mark on Tuesday. Gold price crossed Rs 65,000 mark on last Friday.
In other major markets, gold prices experienced a modest decrease on Saturday. The cost of 24 carat gold is Rs.9038.3 per gram, reflecting an decrease of Rs 460. The cost of 22 carat gold is 8286.3 per gram, a fall of Rs 420. The price fluctuation of 24 carat gold over the past week is recorded at -0.86%, while over the last month, the change stands at -2.65%. The current price of silver is 106000 per kg, reflecting an decrease of 2300 per kg.
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In the Multi Commodity Exchange (MCX), gold April futures contracts settled lower by Rs 307 or 0.35% at Rs 88,299/10 grams. Meanwhile, silver May futures contracts have been on a downward journey for the last 2 days. The same ended below the Rs 1 lakh/kg mark today, down by Rs 604 or 0.61% at Rs 98,788/kg. On Thursday, gold April futures contract settled at Rs88,706 per 10 grams with a gain of 0.12% and silver May futures contract settled at Rs99,392 per kilogram with a loss of 0.53%.
In global markets, price of spot gold was flat at $3,043.89 an ounce. Gold reached an all-time high of $3,057.21 per ounce in the previous session. It has climbed around 2% so far for the week. U.S. gold futures rose 0.3% to $3,051.90. Price of spot silver fell 0.3% to $33.45 an ounce, platinum firmed 0.1% to $985.55, and palladium eased 0.2% to $950.47.
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