Mumbai: Sovereign gold prices edged higher for third day in a row in Kerala. Today, yellow metal gained by Rs 160 per 8 gram to Rs 46,560. One gram gold is priced at Rs 5820, up by Rs 20. Yestersay, yellow metal gained by Rs 100 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures settled at Rs 62,748 per 10 gram, up Rs 245 or 0.39%. Silver futures ended at Rs 75,683 per kg, higher by Rs 257 or 34%. Gold futures on the MCX have lost 0.22% or Rs 137 per 10 gram on a month-to-date basis. They are up by 13.61% or Rs 7,486 on the year-to-date basis. Meanwhile, silver futures have declined nearly Rs 2,089 or 2.69% in value terms in December while gaining by 8.66% or Rs 6,013 on a YTD basis.
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In global markets, price of spot gold was up 0.1% at $2,047.42 per ounce. Bullion has risen 1.4% so far this week. U.S. gold futures rose 0.4% to $2,058.80 per ounce. Price of spot silver was steady at $24.39 per ounce, while platinum eased 0.2% to $961.56 and palladium was flat at $1,213.19.
On Comex, gold futures settled at $2,061.70 per troy ounce, up $10.40 or 0.51% while silver futures settled at $24.745, higher by $0.160 or 0.650%.
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