Mumbai: Gold price fall sharply in the commodity market. Price of sovereign gold slipped down by Rs 120 per 8 gram to Rs 37,720 . Gold price remained firm yesterday. One gram gold is trading at Rs 4715.
On the Multi Commodity Exchange, gold futures fell to one-month low of 50,970 per 10 gram, down by 0.5%. Silver futures tumbled 1.3% to Rs 54063 per kg.
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In the internal markets, spot gold rates fell 0.3% to $1,732.17 per ounce. Among other precious metals, spot silver fell 1% to $18.69 per ounce while platinum slipped 1% to $855.27.
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