Mumbai: Price of gold edged lower marginally in the market. Sovereign gold is trading at Rs 42,480, down by Rs 400 per 8 gram. Yesterday, the yellow metal touched record high of Rs 42,880 per 8 gram.
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In the global markets, price of spot gold rose 0.2% to $1,916.34 per ounce. U.S. gold futures eased 0.1% to $1,915.60. Among other precious metals, silver rose 0.3% to $23.5302 per ounce, while platinum was little changed at $1,021.70. Palladium rose 0.08% to $1,655.50 per ounce.
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