Mumbai: Price of yellow metal depreciated sharply in Kerala. Sovereign gold is priced at Rs 46,280, down by Rs 800 per 8 gram. One gram gold is trading at Rs 5785, down by Rs 100. Yesterday, yellow metal gained by Rs 600 per 8 gram and crossed Rs 47,000 mark.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62635, up Rs 266 or 0.43%. Silver futures were trading at Rs 76,220 per kg, higher by Rs 52 or 0.07%. Gold futures on the MCX have lost by 0.43% or Rs 271 per 10 gram on the month-to-date basis. They were up by 13.36% or Rs 7,352 on the year-to-date basis. Meanwhile, Silver futures have declined nearly Rs 755 or 1,347% in value terms in December while gaining by 9.73% or Rs 6,755 on the YTD basis.
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In global markets, price of spot gold was up 0.4% at $2,037.29 per ounce. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping over $100 to close 2% lower. U.S. gold futures for February delivery rose 0.7% to $2,055.50. Price of spot silver rose 0.2% to $25.55 per ounce, palladium fell 0.1% to $975.35 per ounce, while platinum slipped 0.2% to $915.32.
On Comex, gold futures were trading at $2,054.40 per troy ounce, up by $12.20 or 0.60% while silver futures were trading at $24.920, higher by $0.013 or 0.050%.
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