Mumbai: Price of sovereign gold edged higher for third day in a row in Kerala. Sovereign gold is trading at Rs 45,440, up by Rs 120 per 8 gram. One gram gold is priced at Rs 5680, higher by Rs 15.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60,977 per 10 gram, up by Rs 151, or 0.25%. They are at five month high levels. Silver futures were trading at Rs 71,955 per kg, higher by Rs 168 or 0.23%.
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The MCX gold futures have gained by 5.56% or Rs 3,201 per 10 gram on the month-to-date basis while their gains in 2023 stand at 10.51% or Rs 5,784. As for silver futures, the uptick in October is around 2.76% or Rs 1,929 while the year-to-date gains stand at Rs 3.42% or 2,473 per kg.
In global markets, price of spot gold rose 0.3% to $1,985.89 per ounce by 0137 GMT. U.S. gold futures were up 0.1% to $1,996.30. Price of spot silver gained 0.1% to $22.92 an ounce, platinum fell 0.4% to $898.88 and palladium slipped 0.6% to $1,119.14.
On Comex, Gold futures were trading at $1,998.50 per troy ounce on Thursday, up by $3.65 or 0.18%. Silver futures were at $23.105, higher by $0.098 or 0.430%. The holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.2%.
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