In the commodity market the price of gold has surged to reach near new record high.
In the Kerala market, the price of sovereign gold was surged by Rs.120 per 8 gram and Rs. 15 for a gram. The price has reached at Rs. 40,280 per 8 gram and Rs. 5035 per gram.
On the Multi Commodity Exchange (MCX) October gold futures were up 0.2% to Rs. 53,865 per 10 gram. Silver futures also advanced 0.18% to Rs. 65,865 per kg. In the previous session, gold prices had risen 0.5% or Rs. 267 per 10 gram while silver had surged 1.2% or Rs. 800 per kg.
In global markets, spot gold was steady at US dollar 1,976.36 per ounce, US dollar 8.30 shy of the all-time high hit in the previous session.
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