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Commodity Market: Gold price slips down

Mumbai: The price of gold edged lower in the commodity market. Price of  10 gram of 22-carat gold is at  Rs. 55,900, down by Rs 300 and price of 10 gram of 24-carat gold is at 60,970 with a fall of Rs. 310. The gold rates in Chennai per 10 gram of 22 carats is at Rs 56,050 with a fall of Rs. 600 and the gold rate of 24-carat is at Rs. 61,150 with a fall of Rs. 650.

Price of gold edged lower in the Kerala market. Sovereign gold is trading at Rs 44,600, lower by Rs 240 per 8 gram. Price of yellow metal gained in the last two days.

Also Read: Foreign portfolio investors invest Rs 8767 crore in Indian markets in April 

In the international markets, gold prices slipped as the dollar steadied. Spot gold was down 0.1% at $2,003.33 per ounce. U.S. gold futures fell 0.2% to $2,014.80. Among other precious metals,  silver fell 0.2% to $25.23 per ounce, while platinum was flat at $1,093.16 and palladium rose 0.2% to $1,589.90.

 

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