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Commodity Market: Gold price shoots up

Mumbai:  Sovereign gold price appreciated sharply in Kerala. Sovereign gold price edged higher by Rs 240 per 8 gram to Rs 45,480. One gram gold is priced at Rs 5685, up by Rs 30. In the last three days, price of yellow metal remained firm.

On the Multi Commodity Exchange, (MCX), gold futures rose by Rs 377 to Rs 61,034 per 10 gram.  Silver futures was up 0.74% to Rs 72,644 per kg.

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In global markets, price of spot gold was up 0.3% at $1,983.81 per ounce. U.S. gold futures also gained 0.3% to $1,985.70. Price of spot silver rose 0.5% to $23.52 per ounce, while platinum was up 0.1% at $919.40. Palladium was flat at $1,077.14 per ounce.

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