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Commodity Market: Gold prices edge higher marginally

Mumbai: Sovereign gold prices edged higher marginally in Kerala. Sovereign gold is trading at Rs 46,160, up by Rs 120 per 8 gram. One gram gold is priced at Rs 5770, up by Rs 15.

On the Multi Commodity Exchange (MCX),  gold futures were trading at Rs 62,512, up Rs 46 or 0.07%. Silver futures were trading at Rs 74,649 per kg, higher by Rs 336 or 0.45%.

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In the international market, gold prices rose amid a slip in the dollar index below the 104 mark. On Comex, Gold futures were trading at $2,048.60 per troy ounce,  up by $2.20 or 0.11% while Silver futures were trading at $24.170, higher by $0.111 or 0.460%.

Price of spot gold edged up 0.2% to $2,032.36 per ounce. Bullion, however, fell 1.8% for the week so far.  U.S. gold futures edged 0.1% higher to $2,048.80. Price of spot silver rose 0.2% to $23.83 per ounce, while platinum gained 0.6% to $912.31 and palladium inched 0.5% higher to $974.25 per ounce.

 

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