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Commodity Market: Gold prices edge higher sharply

Mumbai: Sovereign gold price appreciated sharply in Kerala market. Sovereign gold is priced at Rs 45,880, up by Rs 200 per 8 gram. One gram gold is trading at Rs 5735, up by Rs 25.

In global markets, price of gold rose on Monday well above a key $2,000 level, supported by a weaker U.S. dollar. Price of spot gold rose 0.7% to $2,015.09 per ounce.  U.S. gold futures rose 0.6% to $2,015.80 per ounce. Price of spot silver gained 1.9% to $24.76 per ounce, platinum was up 0.1% to $931.49. Palladium rose 0.6% to $1,074.94 per ounce.

Also Read: Amitabh Bachchan Presents Daughter Shweta with Rs 50 Cr Home ‘Prateeksha’. 

Indian exchanges are marking a full-day closure on the occasion of Gurunanak Jayanti, while the Multi Commodity Exchange of India will open for its evening trading session.

 

 

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