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Commodity Market: Gold price shoots up

Mumbai: Price of gold appreciated sharply in Kerala today. Sovereign gold is priced at Rs 46,040, up by Rs 80 per 8 gram. One gram gold is priced at 5755, up by Rs 10. Gold price declined in the last two days. Yesterday, yellow metal price edged lower by Rs 320 per 8 gram.

On the Multi Commodity Exchange (MCX),  gold futures were trading at Rs 62,413, down Rs 27 or 0.04%,. Silver futures were trading at Rs 74,698 per kg, lower by Rs 133 or 0.18%.  Gold futures on the MCX have lost by 0.36% or Rs 226 per 10 grams on the month-to-date basis. Silver futures have declined nearly Rs 2,779 or 3.61% in value terms in December.

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In global markets, price of spot  gold was up 0.1% at $2,027.12 per ounce.  U.S. gold futures fell 0.2% to $2,044.10. Price of spot silver fell 0.4% to $23.79 per ounce, while platinum dropped 0.3% to $887.40 and palladium edged 0.1% lower to $942.40 per ounce.

On Comex, Gold futures were trading at $2,045.90 per troy ounce, down by $2 or 0.10% while Silver futures were trading at $24.140, higher by $0.088 or 0.360%.

 

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