Mumbai: Price of sovereign gold remained unchanged in Kerala for second day in a row. Sovereign gold is trading at Rs 44,000 per 8 gram. On Thursday, the yellow metal gained by Rs 220 per 8 gram.
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Gold prices were set for their biggest weekly gain since April. The weakening of the U.S. dollar has supported the yellow metal. Price of spot gold was steady at $1,958.45 per ounce, up 1.8% for the week. U.S. gold futures were almost unchanged at $1,963.00. Price of spot silver fell 0.2% to $24.814 per ounce, platinum shed 0.4% to $968.65 and palladium dropped 1.4% to $1,277.35.
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