Mumbai: Price of sovereign gold appreciated after three days in Kerala. Sovereign gold is trading at Rs 44,000, up by Rs 80 per 8 gram. On the Multi Commodity Exchange (MCX), gold futures were trading up by Rs 127 or 0.22% at Rs 59,125 per 10 gram. Silver futures were trading at Rs 72,038 per kg, higher by Rs 268 or 0.37%. The October Gold futures had ended with losses of Rs 107 or 0.18% per 10 gram at Rs 58,981 on Thursday while the December Silver futures closed lower at Rs 71,800, down by Rs 672 per kg or 0.93%.
Gold futures are down 0.63% or by Rs 376 on the month-to-date basis while they have gained 7.24% or by Rs 3,981 on the year-to-date basis. As for Silver futures, the declines are to the tune of 3.40% or Rs 2,357 in December while the gains this year stand at 5.17% or Rs 3,912.
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In global markets, price of spot gold was up 0.2% at $1,922.87 per ounce, as of 0116 GMT, but set for a 0.8% weekly fall. U.S. gold futures rose 0.2% to $1,946.90. Price of spot silver rose 0.2% to $23.01 per ounce and platinum gained 0.3% to $906.14. However, both were set for their worst weeks since June 23. Palladium was up 0.2% at $1,214.83, but on course for its fourth consecutive weekly fall.
On Comex, Gold futures were trading at $1,950.70 per troy ounce on Friday, up by $8.20 or 0.42% while Silver futures were at $23.390, higher by $0.150 or 0.650%.
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