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Commodity Market: Gold price remain firm

Mumbai: Sovereign gold price remained unchanged in Kerala. Sovereign gold is priced at Rs 46,840 per 8 gram and Rs 5855 per 1 gram. Yesterday, yellow metal prices declined by Rs 280 per 8 gram. On Thursday, December 28, yellow metal touched all-time high of Rs 47,120 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures settled at Rs.63269.0 per 10 gram down by 0.189%. Silver  futures ended at Rs.75450.0 per kg down by 0.845%.

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In global markets,  spot gold is priced at $2062.9, down by $4.06 per ounce. It has risen 14% so far in the year, heading for its biggest annual gain since 2020.  U.S. gold futures fell 0.2% to $2,078.70 per ounce.

Price of spot silver rose 0.2% to $23.83 per ounce, but looked set to the end the year largely flat. Price of  Platinum was steady at $1,002.50 per ounce, a near six-month high, while palladium rose 0.1% to $1,133.73. Both autocatalytic metals were on track for a yearly decline, with palladium down 37% – its biggest since 2008.

 

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