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Commodity Market: Gold price remain firm

Mumbai: Sovereign gold price remained firm in the Kerala market. Sovereign gold is trading at Rs 37,560 per 8 gram. One gram gold is priced at Rs 4695.

On the Multi Commodity Exchange (MCX), gold futures settled at 50,810 on Friday. The precious metal witnessed a weekly loss of 2.2%. The silver futures ended higher by 0.37%  to Rs 57,148 per kg. 24 carat gold is priced at Rs 50,850 per 10 gram and 22 carat gold cost Rs 46,580 per 10 gram in the market.

Also Read: Fuel demand in India surge by 17.9% 

In the global markets, spot gold was up by 0.1% at $1,741.94 per ounce. Yellow metal has lost about 3.7% so far this week. This is the  worst fall of gold price  since mid-May. U.S. gold futures surged by  0.2% at $1,742.30.

 

 

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