Mumbai: Sovereign gold prices edged lower for second day in a row in Kerala. Sovereign gold is priced at Rs 45,960, down by Rs 320 per 8 gram. One gram gold is trading at Rs 5745, down by Rs 40. Yesterday, price of yellow metal depreciated sharply by Rs 800 per 8 gram. On Monday, yellow metal touched lifetime high of Rs 47,080 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62,245 at the opening time, up Rs 60 or 0.10%. Silver futures were trading at Rs 75,403 per kg, higher by Rs 124 or 0.60%. Gold futures on the MCX have lost by 0.73% or Rs 455 per 10 grams on the month-to-date basis. Meanwhile, silver futures have declined nearly Rs 2,236 or 2.88% in value terms in December.
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In global markets, gold prices steadied on Wednesday. Price of spot gold edged up 0.1% at $2,020.39 per ounce, trading in a tight range of about $5. U.S. gold futures also rose 0.1% to $2,038.70. price of spot silver rose 0.3% to $24.21 per ounce, while platinum gained 0.2% to $900.57. Palladium rose 0.7% to $940.93 per ounce, hovering near a more than five year low.
On Comex, gold futures were trading at $2,038.70 per troy ounce, up by $2.40 or 0.12% while silver futures were trading at $24.560, higher by $0.014 or 0.06%.
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