Mumbai: The price of yellow metal plunged sharply in the Kerala market. Sovereign gold is trading at Rs 39,200, down by Rs 240 per 8 gram. One gram gold is priced at Rs 4900, lower by Rs 30.
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On the Multi Commodity Exchange (MCX), gold futures settled at Rs 52,264 per 10 gram. It is lower by Rs 3500 lower from its all-time high of Rs 56,191. In the international market, spot gold is trading at $ 1929 per ounce.
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