In the commodity market the price of gold has surged. On the Multi Commodity Exchange (MCX), December gold futures surge 0.28% to Rs.51,073 per 10 gram while silver futures edged 1% to Rs. 62496 per kg. Gold had edged up 0.17% in the previous session while silver had declined 0.75%.
In the Kerala market the price of sovereign gold has reached at Rs.37880 per 8 gram. The price has been up by Rs.280 per 8 gram. One gram gold is priced at Rs.4735 up by Rs.35.This is the highest price of gold in the month of October.
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In the international market the price of spot gold rose 0.3% to $1,907.77 per ounce. Among other precious metals, silver rose 0.5% to $24.43 per ounce, while platinum climbed 1% to $878.50 and palladium was up 0.3% to $2,358.03.
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