The price of gold has surged again in the commodity market. On the Multi Commodity Exchange (MCX), the gold futures surged up by 0.4% to Rs.47,265 per 10 gram. Silver futures were rose 1.1% to Rs.68534 per kg. In the previous session, gold had declined 0.42% while silver had slumped 1.75%.
In the Kerala market, the price of sovereign gold has reached at Rs.35,440 up by Rs.120 per 8 gram. One gram gold is priced at Rs. 4430 higher by Rs.15. On Wednesday, gold was priced at Rs. 35,320.
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In the international market the price of spot gold was up 0.2% at US dollar 1,784.94 per ounce. Among other precious metals, silver gained 0.6% to US dollar 26.34 per ounce while platinum was up 0.3% at US dollar 1,222.93.
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