Mumbai: Price of sovereign gold remained unchanged in Kerala. Sovereign gold is trading at Rs 46,200 per 8 gram and Rs 5775 per 1 gram. Yesterday, yellow metal gained by Rs 280 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62,417 per 10, up by Rs 2. Silver futures were trading at Rs 75,309 per kg, lower by Rs 177 or 0.23%. On Wednesday, gold futures closed at Rs 62,396, down by Rs 80 or 0.13% while silver futures settled at Rs 75,491, up by Rs 5 or 0.01%.
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Gold futures on the MCX have lost 0.36% or Rs 225 per 10 grams on a month-to-date basis. They are up by 13.45% or Rs 7,398 on the year-to-date basis., Silver futures have declined nearly Rs 2,029 or 2.62% in value terms in December while gaining by 8.75% or Rs 6,073 on a YTD basis.
In global markets, price of spot gold was up 0.2% at $2,033.92 per ounce. U.S. gold futures inched lower to $2,045.70. Price of spot silver rose 0.4% to $24.20 per ounce, while platinum gained 0.2% to $960.52 and palladium climbed 0.7% to $1,204.15.
On Comex, Gold futures were trading at $2,048.90 per troy ounce, up by $1.20 or 0.06%. Silver futures were trading at $24.535, lower by $0.096 or 0.39%. Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.07% to 878.25 tonnes on Wednesday.
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