Mumbai: Price of gold edged lower for second day in a row in Kerala. Sovereign gold is trading at Rs 45,400, down by Rs 160 per 8 gram. One gram gold is priced at Rs 5675, down by Rs 20. Yesterday, yellow metal price declined by Rs 160 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 61,290, up by Rs 173 or 0.28%. Meanwhile, silver futures were trading at Rs 72,206 per kg, higher by Rs 342 or 0.48%. Gold futures on the MCX have lost 2.43% or Rs 1,523 per 10 grams on a month-to-date basis. They are up by 11.09% or Rs 6,100 on a year-to-date basis as of Monday, December 11. Meanwhile, silver futures have declined nearly Rs 5,651 or 7.29% in value terms in December while gaining 3.53% or Rs 2,451 on a YTD basis.
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In global markets, price of spot gold was up 0.2% at $1,985.49 per ounce. U.S. gold futures rose 0.4% to $2,000.60. Price of spot silver rose 0.1% to $22.81 per ounce, while platinum was steady at $910.51 and palladium climbed 0.6% to $962.89 per ounce.
The holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund fell 0.23% to 878.54 tons. On Comex, gold futures were trading at $2,001.30 per troy ounce, up by $7.60 or 0.38% while silver futures were trading at $23.205, higher by $0.147 or 0.640%.
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