In the commodity market, the price of gold has surged. The price of yellow metal has rose on today after suffering a sharp loss in the previous sessions.
On the Multi Commodity Exchange (MCX), the gold futures rose 0.8% to Rs.51,226 per 10 gram while silver futures jumped 1.2% to Rs. 62,086 per kg. On Wednesday, gold futures had tumbled Rs. 800 while silver had crashed about Rs.1,400.
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In the Kerala market, the price of sovereign gold has reached at Rs.38,080 per 8 gram.
In the international market the price of gold remained firm. Spot gold is priced at $1,904.66 per ounce. Among other precious metals, silver rose 0.3% to $23.98. Platinum was steady at $869.04, while palladium fell 0.5% to $2,276.97.
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