Mumbai: Price of gold edged lower in the commodity market. On the Multi Commodity Exchange (MCX), gold futures fell 0.3% to Rs 50230 per 10 gram while silver edged 0.06% lower to Rs 63825 per kg. On Thursday, price of gold had touched an 8-month high. Gold prices rose on Thursday following news from NATO and the US that Russia was increasing its troops in the border areas of Ukraine.
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In the international market price of spot gold fell 0.4% to $ 1,890.91 per ounce. Meanwhile, price of sovereign gold surged in the Kerala market. Sovereign gold is trading at Rs 37,040, higher by Rs 400 per 8 gram. One gram gold is priced at Rs 4630, up by Rs 50.
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