Mumbai: Sovereign gold price depreciated for third day in a row in Kerala. Sovereign gold is trading at Rs 44,880, down by Rs 120 per 8 gram. One gram gold is priced at Rs 5610, down by Rs 15. Yesterday, yellow metal price declined by Rs 80 per 8 gram and on Monday it lost Rs 120 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60,431 per 10 gram, up by Rs 84 or 0.14%. Silver futures were trading at Rs 70,654 per kg, lower by Rs 20 or 0.03%. Gold futures ended at Rs 60,375 on Tuesday, down by Rs 395 or 0.65% while the silver futures settled at Rs 70,655, lower by Rs 1,462 or 2.03%.
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Gold futures on the MCX have declined by 0.97% or Rs 593 per 10 gram on the month-to-date basis. They were up by 9.69% or Rs 5,330 on the year-to-date basis. Silver futures have lost nearly Rs 1,035 or 1.44% in value terms in November while gaining by 1.76% or Rs 1,221 on the YTD basis.
In global markets, price of spot gold was flat at $1,968.64 per ounce. U.S. gold futures edged 0.1% higher to $1,975.20. price of spot silver fell 0.3% to $22.56 per ounce, platinum eased 0.3% to $888.60. Palladium was steady at $1,055.49, hovering near its lowest level since 2018.
On Comex, gold futures were trading at $1,975.30 per troy ounce, up by $1.80 or 0.09% while silver futures were trading at $22.640, up by $0.051 or 0.230%.
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