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Commodity Market: Gold price surge marginally

Mumbai: Price of sovereign gold surged marginally in the Kerala market. Sovereign gold is trading at Rs 38,200, higher by Rs 80 per 8 gram. One gram gold is trading at Rs 4775, up by Rs 10.

On the Multi Commodity Exchange (MCX), gold futures were trading lower by 0.01% or Rs 4 at Rs 50,867 per 10 gram. Silver futures were trading higher by 0.51% or Rs 315 at Rs 62,108 per kg.

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In the international market, price of spot gold remained unchanged  at $ 1,848.59 per ounce. US gold futures remained firm at $ 1,846.70.  Among other precious metals, silver dipped by 0.2% to $ 21.95 per ounce, platinum remained firm at  $ 950.28 and palladium dipped by  0.2% to $ 2,006.47.


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