Mumbai: Price of sovereign gold edged higher for second day in a row in Kerala. Sovereign gold is priced at Rs 46,640, up by Rs 120 per 8 gram. One gram gold is priced at 5830, up by Rs 15. Yesterday, yellow metal price gained by Rs 120 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs.62885.0 per 10 gram, down by 0.127%. Silver futures were trading at Rs.73341.0 per kg, down by 0.027% . In major markets, price of of 24 carat gold is Rs.6397 per gram. The cost of 22 carat gold is Rs.5865 per gram.
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In global markets, price of spot gold was flat at $2,053.09 per ounce. Price of gold has climbed 1.8% so far this week, set for its best weekly gain since late-December. U.S. gold futures were flat at $2,070.30 per ounce. Price of spot gold rose nearly 1% on Thursday after data from the U.S. Labor Department showed initial jobless claims rose more than expected last week. Price of spot silver fell 0.3% to $23.10 per ounce, platinum shed 0.5% to $908.55, while palladium edged 0.1% higher to $962.91.
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