Mumbai: Sovereign gold price edged higher sharply in Kerala. Sovereign gold prices appreciated by Rs 600 per 8 gram to Rs 46,480. One gram gold is priced at Rs 5810, up by Rs 75. This is for first time that price of yellow metal is crossing Rs 46,000 mark in Kerala. In the last three days, yellow metal gained by Rs 800 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures hit their lifetime high on Wednesday. Gold futures were trading at Rs 62,840, up by Rs 118, or 0.19%. Silver futures were trading at Rs 77,133 per kg, higher by Rs 140 or 0.18%.
Gold futures on the MCX have gained by 2.37% or Rs 1,445 per 10 gram on the month-to-date basis. They were up by 13.39% or Rs 7,368 on the year-to-date. Meanwhile, silver futures have gained nearly Rs 3,630 or 5.06% in value terms in November while gaining by 8.48% or Rs 5886 on the YTD basis.
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In global markets, price of spot gold rose 0.3% to $2,047.21 per ounce. U.S. gold futures rose 0.4% to $2,047.80 per ounce. Price of spot silver gained 0.4% to $25.09 per ounce, platinum was steady at $939.83. Palladium rose 0.4% to $1,059.69 per ounce.
On Comex, Gold futures were trading at $2,044.90 per troy ounce on Wednesday, up by $4.90 or 0.24% while silver futures were trading at $24.995, higher by 0.06 or 0.24%.
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