Mumbai: Yellow metal price depreciated in Kerala for third day in a row. Sovereign gold is trading at Rs 45,920, down by Rs 240 per 8 gram. One gram gold is priced at Rs 5740, down by Rs 30.Yesterday, yellow metal price declined by Rs 280 per 8 gram. In the last three days, gold price edged lower by Rs 530 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 61,559 per 10 gram, up by Rs 54 or 0.09% . Silver futures were trading at Rs 71,475 per kg, lower by Rs 19 or 0.03%.
On MCX, gold has extended decline to 2.62% or Rs 1,659 per 10 gram in 2024. After ending 2023 with gains of 15.22% or by Rs 8,372 per 10 gram, MCX gold futures have started this year on a weak note. Silver futures have trimmed this year’s losses to 3.95% or Rs 2,940 from 4.13% or Rs 3,076 per kg in the last five sessions.
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The price of gold in major bullion markets like Delhi, Ahmedabad and other cities is Rs 62,500 per 10 gram while that of 1 kg of Silver is Rs 72,500.
In global markets, price of spot gold rose 0.2% to $2,010.59 per ounce. U.S. gold futures rose 0.3% to $2,012.40. price of spot silver rose 0.4% to $22.61 per ounce, platinum climbed 0.2% to $885.38, and palladium gained 1.2% to $926.54.
Comex Gold futures were trading at $2,010.60 per troy ounce , up $4.10 or 0.20% while silver futures were trading at $22.750, higher by $0.081 or 0.360%.
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