Mumbai: Price of sovereign gold edged lower in Kerala for second day in a row. Gold price declined below Rs 67,000 mark in the state. Yellow metal is trading at Rs 66,480, down by Rs 720 per 8 gram. One gram gold is trading at Rs 8310, lower by Rs 90. Yesterday, gold price depreciated by Rs 1280 per 8 gram. In last two days, gold price fell by Rs 2000 per 8 gram.
Before that, gold price gained by Rs 3000 per 8 gram in ten days. Gold was priced at Rs 57,200 per 8 gram and Rs 7150 per 1 gram on January 1 this year. In last three months, gold price gained by Rs 1360 per 1 gram and Rs 10,880 per 8 gram.
In other major markets, 24-carat gold was priced at Rs 89,360/10 gram. While 22-carat gold was priced at Rs 81,913/10 gram. Silver was priced at Rs87,720/kg.
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In the Multi Commodity Exchange (MCX) of India gold price fell over 2 per cent on Friday, April 4. In the Multi Commodity Exchange (MCX), gold June futures contracts settled lower at Rs 89,471/10 grams. Meanwhile, silver May futures contracts witnessed a heavier profit booking, falling by Rs 1,510 or 1.6% in early trade to open at Rs 92,889/kg. On Thursday, gold June futures contract settled at Rs 90,057 per 10 grams with a loss of 0.74% and silver May futures contract settled at Rs 94,399
In global markets, price of spot gold held its ground at $3,109.95 an ounce. U.S. gold futures firmed 0.3% to $3,129.60. In the previous session, gold dropped more than 2% as a broader market sell-off. This sharp pullback came just hours after gold reached a record high of $3,167.57. Price of spot silver rose 0.1% to $31.89 an ounce, while platinum was unchanged at $951.95 and palladium lost 0.3% to $925.75.
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