In the commodity market the price of gold has slipped down for the second day.The price of the yellow metal has gone downward after hitting a record high.
In the Kerala market, the sovereign gold was up by Rs. 8 per gram and reached at Rs.36,168 per 8 gram. One gram of gold is priced at Rs.4521 up by Rs.1.
In the Multi Commodity Exchange (MCX) the futures were were down 0.16% to Rs. 48,188 per 10 gram after sliding Rs. 500 in the previous session. Gold had hit a record high of Rs. 48,982 in the previous session . Silver futures on MCX were down 0.25% to Rs. 49,300 per kg after slumping Rs. 900 in the previous session.
In the international market, spot gold fell 0.2% to US dollar 1,767.11 per ounce, after touching US dollar 1,788.96 on Wednesday — its highest since October 2012. US gold futures today fell 0.2% to US dollar 1,777.30.Among other precious metals, platinum fell 0.2% to US dollar 813.94 and silver rose 0.2% to US dollar 17.97.