Mumbai: Price of sovereign gold edged higher for second day in a row. Sovereign gold is priced at Rs 46,200, up by Rs 80 per 8 gram. Yesterday, yellow metal gained by higher by Rs 800 per 8 gram.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62,490 per 10 gram, up Rs 36 or 0.06%. Silver futures were trading at Rs 74,994 per kg, down Rs 82 or 0.11%. Gold futures on the MCX have lost 2.30% or Rs 1,441 per 10 grams on a month-to-date basis. They are up by 11.24% or Rs 6,182 on a year-to-date basis. Meanwhile, silver futures have declined nearly Rs 5,983 or 7.72% in value terms in December while gaining 3.05% or Rs 2,119 on a YTD basis.
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In global markets, price of spot gold was down 0.1% at $2,033.29 per ounce. Yellow metal has risen 1.5% so far this week. U.S. gold futures edged 0.1% higher to $2,047.60. Price of spot silver eased 0.3% to $24.07 per ounce, while platinum fell 0.2% to $956.21 and palladium slipped 0.4% to $1,098.13.
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