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Commodity Market: Gold price edge higher

Mumbai: Price of sovereign gold edged higher in the Kerala market for the second day in a row. Sovereign gold is trading at Rs 37,360, higher by Rs 320 per 8 gram. One gram gold is priced at Rs 4670, up by Rs 40.

On the Multi Commodity Exchange (MCX). Gold futures were trading marginally higher by 0.09% or Rs 44 up at Rs 50,588 per 10 gram. Silver futures tumbled about 0.17% or Rs 104 at Rs 61,460 per kg.

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On the international market, price of spot gold was down by 0.2% at $ 1,838.81 per ounce.  US gold futures edged  0.1% lower to $ 1,839.30. Gold prices have climbed about 1.5% this week. Among other precious metals, silver fell by 0.3% to $ 21.83 per ounce, platinum dropped by 0.7%to $ 955.50 and palladium fell by  0.1% to $ 1,997.65.


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