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Commodity Market: Gold price remain firm

Mumbai: Price of sovereign gold remained unchanged in Kerala today. Sovereign gold is trading at Rs 44,760 per 8 gram and Rs 5595 for 1 gram. Yesterday, yellow metal price gained by Rs 320 per 8 gram. In the last two days, yellow metal gained by Rs  400  per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60134 per 10 gram, up by Rs 23 or 0.04. Silver futures were trading at Rs 72,183 per kg, higher by Rs 189 or 0.26%. Gold futures on the MCX have declined by 1.32% or Rs 804 per 10 gram on the month-to-date basis. They were up by 9.30% or Rs 5,117 on the year-to-date basis as on Wednesday, November 15 on the closing price basis. Meanwhile, Silver futures have gained nearly Rs 511 or 0.71% in value terms in November while gaining by 3.97% or Rs 2,757 on the YTD basis.

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In global markets, price of spot gold was little changed at $1,958.79 per ounce. U.S. gold futures edged 0.1% lower to $1,961.70. Price of spot silver fell 0.2% to $23.39 per ounce, while platinum dipped 0.3% to $893.37. Palladium was flat at $1,031.40 per ounce.

On Comex, gold futures were trading at $1,963.30 per troy ounce on Thursday, down by $1 or 0.05% while silver futures were trading at $23.425, lower by $0.113 or 0.48%.

 

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