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Commodity Market: Gold price edge higher

Mumbai: Price of sovereign gold appreciated in the Kerala market. Sovereign gold is trading at Rs 37,800, higher by Rs 200 per 8 gram. In the last 10 days, price of yellow metal slipped down by Rs 920 per 8 gram.  One gram gold is priced at Rs 4725, up by Rs 25.

On the Multi Commodity Exchange (MCX), gold futures were trading lower by 0.18% or Rs 93 at Rs 51,324 per 10 gram. Silver futures dropped by 0.31% or Rs 171 at Rs 55,036 per kg.

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In the international market, price of spot gold was down by  0.2% at $1,744.10 per ounce. US gold futures eased by 0.2% to $1,757.70. Among other precious metals,  silver fell by 0.6% to $19.04 per ounce, platinum dipped by  0.3% to $876.56 and palladium gained by 0.2% to $1,984.67.



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