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Commodity market: Gold price surge marginally

Mumbai:  Gold price surged in the Kerala market today. Price of sovereign gold edged higher marginally by Rs 120 per 8 gram. Sovereign gold is trading at Rs 42,120 per 8 gram. Yesterday, the yellow metal suffered a loss of Rs 480 per 8 gram.

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On the  Multi Commodity Exchange (MCX) gold futures ended at Rs 56,875 per 10 gram  on Friday. The yellow metal logged a weekly gain of 0.35% in domestic market. In international market, spot gold price finished at 9-month high of $1,927 per ounce.


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