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Commodity Market: Gold price slips down

Mumbai: Price of yellow metal slipped down in the commodity market. In the Kerala market, sovereign gold is trading at Rs 38,200, down by Rs 280 per 8 gram. One gram gold is priced at Rs 4775, lower by Rs 35. On Friday, the price of gold increased by Rs 100 per 10 grams.

Also Read: India’s foreign exchange reserves surge by $ 3.854 billion 

Meanwhile, in the international market, gold is currently trading at a one-month high. The weakening of the US dollar supported the precious metal. Spot gold is trading at $1,850.57 an ounce. US gold futures fell by  0.99% to $1,848.10 an ounce.

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