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Commodity Market: Gold prices shoot up today

Mumbai: The price of gold edged higher in the commodity market. On the Multi Commodity Exchange (MCX), the August gold futures gained by 0.27% or Rs 126 at Rs 47,200 per 10 grams. Silver Futures slipped down by 0.03% or Rs 17 to Rs 67,745 per kg.

In the Kerala market, the price of sovereign gold surged by Rs.160 per 8 gram and reached at Rs. 35,280. One gram gold is priced at Rs. 4410, higher by Rs.20. On Monday, the yellow metal settled at Rs. 35,120.

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In the international market, the price of spot gold remained firm at US dollar 1784.83 per ounce. U.S. gold futures gained 0.1% to US dollar 1,783.90 per ounce. Among other precious metals, the price of silver was up by 0.6% to US dollar 25.95 per ounce, palladium mounted 1% to $2,490.93, while platinum rose 0.4% US dollar 1,037.89.


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