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Commodity Market: Gold prices edge higher for second day in a row

Mumbai: Sovereign gold price appreciated for second day in a row in Kerala. Sovereign gold is trading at Rs 45,320, up by Rs 80 per 8 gram. Yesterday, the yellow metal gained by Rs 160 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60,476 per 10 gram, down by Rs 61, or 0.10%. Silver futures were trading at Rs 71,670 per kg, higher by Rs 116 or 0.16%.

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In global markets,  price of spot  gold gained 0.2% to $1,974.29 per ounce. The yellow metal  declined in the previous two sessions and is trading below five-month highs hit last week. U.S. gold futures were steady at $1,985.40. price of spot silver rose 0.3% to $23 an ounce, platinum added 0.2% to $886.08 and palladium advanced 0.7% to $1,127.52.

On Comex, Gold futures were trading at $1,982.30 per troy ounce on Wednesday, down by $3.80 or 0.19% while Silver futures were at $23.035,

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