Mumbai: Price of sovereign gold depreciated sharply in Kerala. Sovereign gold is priced at Rs 45,360, down by Rs 400 per 8 gram. One gram gold is trading at Rs 5670, lower by Rs 50. Yesterday, yellow metal price declined by Rs 160 per 8 gram.
On the Multi Commodity Exchange (MCX0, gold futures opened lower at Rs 61,117 per 10 gram. Silver futures today opened lower at Rs 72,492 per kg.
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In the global markets, price of spot gold was steady at $1,995.69 per ounce. U.S. gold futures traded at $2,004.90. Spot gold had advanced to as high as $2,009.29 an ounce on Friday, its highest levels since mid-May
The holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.3%. Price of spot silver fell 0.2% to $23.27 and platinum was up 0.1% to $930.36, with both set for monthly gains. Palladium eased 0.1% to $1,126.38 and eyed an over 9% decline this month.
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