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Commodity Market: Gold price surge sharply

Mumbai:  Gold price edged higher in the commodity market. On the Multi Commodity Exchange (MCX), gold futures  surged by  0.56% or Rs 291, to  Rs 52,470 per 10 gram. Silver futures were trading higher by 1.06% or Rs 713, at Rs 68,007 per kg.

Price of yellow metal surged sharply in the Kerala market. Sovereign gold is trading at Rs 39,200, higher Rs 320 per 8 gram. One gram gold is priced at Rs 4900, up by Rs 40.

Also Read: Forex Market: Indian rupee falls against US dollar

In the international market, price of spot gold was down by  0.2% at $ 1,950.52 per ounce. US gold futures were up by  0.3% at $ 1,954. Among other precious metals, silver shed 0.4% at $ 24.97 per ounce and platinum was up 0.1% to $ 978.00. Palladium was up 0.7%t at $ 2,448.


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