Mumbai: Sovereign gold prices appreciated sharply in Kerala. Sovereign gold is priced at Rs 46,400, up by Rs 200 per 8 gram. One gram gold is priced at Rs 5800, up by Rs 25.
On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 62,748 per 10 gram, up Rs 245 or 0.39%. Silver futures were trading at Rs 75,683 per kg, higher by Rs 257 or 34%. On Thursday, gold contract closed at Rs 62,525, up by Rs 22 or 0.04% while silver futures settled at Rs 75,450, up by Rs 24 or 0.03%.
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Gold futures on the MCX have lost 0.22% or Rs 137 per 10 gram on a month-to-date basis. They are up by 13.61% or Rs 7,486 on the year-to-date basis. Meanwhile, silver futures have declined nearly Rs 2,089 or 2.69% in value terms in December while gaining by 8.66% or Rs 6,013 on a YTD basis.
In global markets, price of spot gold was up 0.1% at $2,047.42 per ounce. Bullion has risen 1.4% so far this week. U.S. gold futures rose 0.4% to $2,058.80 per ounce. Price of spot silver was steady at $24.39 per ounce, while platinum eased 0.2% to $961.56 and palladium was flat at $1,213.19.
On Comex, gold futures were trading at $2,061.70 per troy ounce, up $10.40 or 0.51% while silver futures were trading at $24.745, higher by $0.160 or 0.650%.
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