The price of gold has surged in the commodity market. In the Kerala market, the price of sovereign gold has surged by Rs. 440 and reached at Rs. 33,320 per 8 gram. One gram gold is priced at Rs. 4165 higher by Rs. 55. On Wednesday gold was priced at Rs. 32,880 per 8 gram and Rs.4110 per one gram.
On the Multi Commodity Exchange (MCX), the June gold futures were flat Rs.44,977 per 10 gram. Silver silver futures were down 0.35% at Rs.63,595 per kg. On Wednesday, gold had risen 1% while silver 0.9%.
In the international market, the price of spot gold was up 0.2% at US dollar1,710.28 per ounce. Among other precious metals, silver dipped 0.1% to US dollar 24.36, while platinum was down 0.3% at US dollar 1,184.