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Commodity Market: Gold price slips down sharply

Mumbai: Sovereign gold prices depreciated sharply in Kerala. Sovereign gold is trading at Rs 45,840, down by Rs 360  per 8 gram. One gram gold is priced at Rs 5730, down by Rs 45. Yesterday, yellow metal gained by Rs 80 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures settled  at Rs 62,490 per 10 gram, up Rs 36 or 0.06%. Silver futures ended 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 settled at $2019.70 per ounce. It is down by $15.99 per ounce. 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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