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Commodity Market: Gold prices touch month’s high

Mumbai: The price of yellow metal remained unchanged in the commodity market. On the Multi Commodity Exchange (MCX), the August gold futures slipped by 0.06% to Rs 48,368 per 10 gram. Silver also fell by 0.26% to Rs 68,024 per kilogram.

The price of sovereign gold surged for the third day in a row in the Kerala market. The price was up by Rs 280 to reach at Rs 36,200 per 8 grams. One gram gold is priced at Rs 4560, up by Rs 35. The price has touched this month’s high.

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In the international market, the price of spot gold remained firm at US dollar 1827.28 per ounce. US gold futures eased 0.2% to US dollar 1832.00 per ounce.

Meanwhile, as per data released by the World Gold Council (EGC), the gold demand surged in India. The demand for the yellow metal rose by 19.2% to 76.1 tonne during April-June this year.


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