Mumbai: Price of sovereign gold edged lower in Kerala on Thursday, October 10, 2024. Gold price is falling for the second day in a row. Yellow metal is priced at Rs 56,200, down by Rs 40 per 8 gram. One gram gold is priced at Rs 7025, down by Rs 5. Yesterday, gold price declined by Rs 560 per 8 gram. In the last three days, gold price depreciated by Rs 860 per 8 gram.
In other major markets, gold prices experienced a minor decline. The price of 24 carat gold is Rs.7685.3 per gram, decreasing by Rs.760. The price for 22 carat gold is Rs.7046.3 per gram, a drop of Rs.700. The price fluctuation for 24 carat gold over the past week has been 0.15%, while in the last month, it has decreased by 4.76%. The current rate for silver stands at Rs.97000.0 per kg, down by Rs.2000.0 per kg
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In Multi Commodity Exchange (MCX), gold futures contracts opened flat at Rs 75,153 per 10 gram, which is down by 0.01% or Rs 8. Silver futures contracts were trading at Rs 89,085/kg, up by 0.4% or Rs 356. Gold and silver witnessed some profit booking in this week so far as the prices of the former fell by Rs 1,000/10 gram while latter dipped by Rs 4,260/kg. On Tuesday, gold futures contract settled at Rs 75,161 per 10 grams with a loss of 1.16% and silver futures contract settled at Rs 88,729 per kilogram with a loss of 3.93%.
In global markets, price of spot gold was nearly flat at $2,609.72 per ounce, after easing for the previous six sessions. Prices scaled a record high last month. U.S. gold futures also held steady at $2,626.70. Price of spot silver edged 0.1% higher to $30.54 per ounce. Platinum added 1.1% to $955.20, while palladium inched 0.1% lower to $1,038.75.
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