Mumbai: Price of precious metal edged higher in the commodity market. On the Multi Commodity Exchange (MCX), the December gold futures were up 0.33% or Rs 158 to Rs 47,592 per 10 grams. Silver futures rose 0.32% or Rs 200 to Rs 62,709 per kilogram.
In the Kerala market, the price of sovereign gold slipped down sharply. 22-carat gold is priced at Rs 45,050, down by Rs 690 per 10 grams and 24 carats is priced at Rs 49,150, lower by Rs 750 per 10 grams.
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In the international market, the spot gold price surged by 0.3% to $ 1794.96 per ounce. US gold futures gained by 0.6% to $ 1793.90 per ounce. The holdings of world’s largest gold-backed exchange traded fund, SPDR Trust rose by 0.6% to 991.11 tonnes. Among other precious metals, silver dipped by 0.3% to $ 23.58 per ounce, Platinum rose by 1.1% to $ 979.99 and Palladium rose by 1.2% to $ 1890.21.
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