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Commodity Market: Gold price slips down for fourth day in a row

Mumbai:  Gold price edged lower for fourth day in a row in the Kerala market. The price of yellow metal slipped down by Rs 160 per 8 gram today. In the last four days, the precious metal suffered a loss of Rs 640 per 8 gram. Sovereign gold is trading at Rs 41,440 per 8 gram.

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

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 55,975 per 10 gram. In international market, price of spot gold was down 0.3% at $1,832.42 per ounce. Gold price  has fallen 1.7% this week. U.S. gold futures fell 0.6% to $1,841.00. Among other precious metals, silver lost 0.6% to $21.48 per ounce, platinum fell 0.4% to $916.66 and palladium shed 0.6% to $1,501.09.



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