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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 40,280, higher by Rs 240 per 8 gram. Yesterday, the yellow metal suffered a loss of Rs 80 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 54,912 per 10 gram, down Rs 59 or 0.11%. Silver futures were trading up by Rs 92 at Rs 69,675 per kg.

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

In the international markets,  the yellow metal prices rose mildly on Friday.  The precious metal is heading for an annual decline of 0.6%. Spot gold was up 0.2% to $1,818.64 per ounce. U.S. gold futures fell 0.1% to $1,824.60.

 

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