Mumbai: Sovereign gold prices edged higher sharply in the Kerala market. The yellow metal gained by Rs 480 per 8 gram. Thus price of sovereign gold crossed Rs 44,000 mark again. Sovereign gold is trading at Rs 44,400 per 8 gram. Yesterday, the yellow metal suffered a loss of Rs 240 per 8 gram.
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Multi Commodity Exchange (MCX) will remain closed today on account of Mahavir Jayanti. In international spot market, gold price descended to $1,950 per ounce levels, lower by 0.90%. In international spot market, silver price lost over 2% and hit $23.58 per ounce levels.
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