Mumbai: Price of sovereign gold edged lower sharply in Kerala. Sovereign gold is trading at Rs 46,000, down by Rs 480 per 8 gram. One gram gold is priced at Rs 5750, down by Rs 60. Yesterday, yellow metal gained sharply by Rs 600 per 8 gram. Price of gold crossed Rs 46,000 mark yesterday for the first time.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62,730 per 10 gram, down by Rs 78 or 0.12%. Silver futures were trading at Rs 77,186 per kg, lower by Rs 88 or 0.11%. Gold futures on the MCX have gained by 2.73% or Rs 1,665 per 10 gram on the month-to-date basis. They were up by 13.79% or Rs 7,588 on the year-to-date. Silver futures have gained nearly Rs 5,605 or 7.82% in value terms in November while gaining by 11.32% or Rs 7,681 on the YTD basis.
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In global markets, price of spot gold was flat at $2,043.69 per ounce. U.S. gold futures for December delivery fell 0.2% to $2,044.20 per ounce. Price of spot silver fell 0.1% to $24.99 per ounce. Platinum was also down 0.1% to $931.28. Palladium fell 0.2% to $1,025.58 per ounce.
On Comex, Gold futures last traded at $2,043.90 per troy ounce, down by $3.20 or 0.16% while Silver futures were trading at $25.085, higher by 0.013 or 0.050%.
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