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Commodity Market: Gold price edge higher marginally

Mumbai: Price of gold appreciated marginally in the commodity market.  Sovereign gold is trading at Rs 42,880, higher by Rs 80 per 8 gram. On Monday, the yellow metal suffered a loss of Rs 120 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 55,362 per 10 gram, down Rs 114 or 0.21%. Silver futures were trading lower by Rs 179 at Rs 63,745 per kg.

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In the global markets, the yellow metal prices eased and are heading for their biggest monthly loss since June 2021. Spot gold was down 0.1% at $1,816.19 per ounce, after hitting a two-month low on Monday. U.S. gold futures fell 0.1% to $1,823.30.


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