Friday, Mar 29 2024 | Time 11:37 Hrs(IST)
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Business Economy


Gold price up by Rs 240, reaches Rs 36,920 per sovereign in Kerala

Kochi, Jan 12 (UNI) The price of gold witnessed a slight surge on Tuesday in Kerala as one sovereign of gold touched Rs 36,920 after recording an increase of Rs 240.
The price of one gram of gold was Rs 4,620. Dollar has blocked the possibility of an increase in gold price in the International market.
An ounce of gold is valued at Dollars 1,847.96 in the International market.
The price of 10 grams of gold at Multi Commodity Exchange (MCX), a commodity market, has come down to Rs 49,328.
Meanwhile, the price of one kg of silver has come down to Rs 65,414.
On Monday, gold price touched Rs 36,720 per sovereign after falling by Rs 320. The price per gram also declined by Rs 40 and touched Rs 4590.
Gold price continued to witness a sharp decline in the global market also.
In the global market, gold was trading lower at US Dollar 1836.30 per ounce. The price was declined
by 3.4 per cent on Friday.
The gold price fell sharply following rise in the dollar index and jump in the US bond yields.
On MCX, gold futures price touched Rs 48,760 per 10 gram after recording a fall of Rs 2,350 within two days.
UNI GKN CS 1716
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