Mumbai: Price of sovereign gold depreciated marginally in the Kerala market. Gold price is declining for the second day in a row. Sovereign gold is trading at Rs 44,600, down by Rs 80 per 8 gram. Yesterday, the yellow metal suffered a loss of Rs 240 per 8 gram.
On Multi Commodity Exchange (MCX), gold futures slipped down by Rs 6 or 0.01% to Rs 59,839 per 10 gram. Silver futures was down but at Rs 314 or 0.42% at Rs 74,340.
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In the international market, Comex gold traded at $1990.6 per ounce. Price of spot gold was at $1,979.8 per ounce.U.S. gold futures edged 0.2% higher at $1,993.30. Among other precious metals, silver edged up 0.2% to $25.08 per ounce, while platinum dropped 1.7% to $1,105.55 and palladium shed 1% to $1,586.79.
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