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Commodity Market: Gold prices rise marginally

The price of gold and silver has declined in the Indian commodity market. On the Multi Commodity Exchange (MCX), the February gold futures edged 0.03% lower to Rs. 49,328 per 10 gram while silver futures declined 0.22% to Rs. 65,414 per kg.

In the Kerala market, the price of sovereign gold has surged up. The price of gold has reached at Rs. 36,920 per 8 gram, higher by Rs.240. One gram gold is priced at Rs.4620 up by Rs. 30. On Monday, gold was priced at Rs. 36,720.

Also Read; Indian rupee slips against US dollarĀ 

In the international market, the price of spot gold surged 0.2% to reach at $1,847.96 per ounce while silver gained 0.8% to $25.11 an ounce. Among other precious metals, platinum rose 2.3% to $1,055 while palladium climbed 0.3% to $2,378.

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