Mumbai: Gold prices edged lower on the commodity market. A stronger dollar dented the yellow metal’s appeal.
On the multi commodity exchange, gold futures dropped marginally 0.06% or Rs 34, at Rs 53,238 per 10 gram. Silver futures were trading lower by 0.16% or Rs 113, at Rs 69,863 per kg.
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In the international market, price of spot gold was down 0.1% at $ 1,976.46 per ounce. US gold futures slipped 0.3% to $ 1,981.
In the Kerala market price of sovereign gold remained unchanged at Rs 39,880 per 8 gram. One gram gold is priced at Rs 4985.
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