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

Mumbai: Price of sovereign gold edged lower for second day in a row in Kerala. Sovereign gold is trading at Rs 45,000, down by Rs 80 per 8 gram. One gram gold is priced at Rs 5625, down by Rs 10. Yesterday, yellow metal price depreciated by Rs 120 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading at Rs 60,559 per 10 gram, down by Rs 211 or 0.35%. Silver futures were trading at Rs 71,624 per kg, lower by Rs 493 or 0.68%.

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In global markets, price of spot gold was down 0.1% at $1,975.35 per ounce. U.S. gold futures fell 0.3% to $1,982.10. Price of spot silver fell 0.3% to $22.95 per ounce, platinum eased 0.1% to $904.34 and palladium slipped 0.3% to $1,103.16.

On Comex, Gold futures were trading at $1,990.40 per troy ounce, down by $8.80 or 0.44% while silver futures were trading at $23.225, down by $0.060 or 0.260%. The holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.50% to 867.57 tonnes on Monday from 863.24 tonnes on Friday.

 

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