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Commodity Market: Gold price edge higher

Mumbai: Price of yellow metal edged higher in the commodity market. On the Multi Commodity Exchange (MCX), gold futures were trading higher by 0.45% or Rs 223 at Rs 50,330 per 10 gram. Silver futures traded up by 0.67% or Rs 370 0 at Rs 55,957 per kg.

In the international market, spot gold is priced at $1,713.49 per ounce, higher by 0.4%. US gold futures gained by  0.5% to $1,711.80. Among other precious metals, silver rose by 0.4% to $18.76 per ounce, platinum gained by 0.8% to $857.30 and palladium climbed by 2.2% to $1,869.10.

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

Price of sovereign gold remained unchanged at Rs 36,960 per 8 gram in the Kerala market. One gram gold is trading at Rs 4620.



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