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Commodity Market: Gold price remain firm for second day in a row

Mumbai: Price of sovereign gold remained unchanged in Kerala for second day in a row. Sovereign gold is priced at Rs 45,480 per 8 gram and Rs 5685 per 1 gram.  Price of gold in major markets like Delhi, Ahmedabad and other cities is Rs 61800 per 10 gram while those of 1 kg of Silver is Rs 75,000.

On the Multi Commodity Exchange (MCX),  gold futures opened  were trading at Rs 61105 per 10 gram, up by Rs 33 or 0.05% . Silver futures were trading at Rs 72,934 per kg, higher by Rs 36 or 0.05%. Gold futures on the MCX have gained by 0.28% or Rs 170 per 10 gram on the month-to-date basis. They were up by 11.08% or Rs 6,098 on the year-to-date basis.

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In global markets, price of spot gold was up 0.1% at $1,993.96 per ounce. Gold  has risen 0.7% so far this week.  U.S. gold futures were also up 0.1% at $1,994.70. Price of spot silver gained 0.1% to $23.69 per ounce, platinum was flat at $915.43. Palladium rose 0.1% to $1,047.28 per ounce.

On Comex, Gold futures were trading at $1,993.60 per troy ounce, up by $0.80 or 0.04% while silver futures were trading at $23.720, higher by 0.032 or 0.14%.

 

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