The price of precious metal, gold has jumped sharply in the commodity market. On Multi Commodity Exchange (MCX), the gold futures rose 0.45% to Rs. 52,404 per 10 gram. Silver futures surged 1.5% to reach at Rs.66,309 per kg. Gold prices had rallied sharply last week, gaining around Rs.1,500 per 10 gram over 5 days. On the other hand, silver had logged weekly gain of about Rs. 4,000 per kg.
In the Kerala market, the price of sovereign gold has rised by Rs.160 per 8 gram. The sovereign gold is priced at Rs. 38,880 per 8 gram. The price of one gram gold has reached at Rs.4680 up by Rs.20. The price of gold has surged by Rs.1000 in the last six days.
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In the international market, the price of spot gold rose 0.2% to $1,955.76 an ounce. Among other precious metals, silver, rose 0.5% to $25.72 per ounce while platinum gained 0.8% to $896.
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