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Commodity Market: Gold price rise sharply

Mumbai: Price of gold edged higher sharply in the commodity market. In Kerala, sovereign gold is priced at Rs 37,880, up by Rs 400 per 8 gram. Yesterday, the yellow metal surged by Rs 200 per 8 gram.

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On the Multi Commodity Exchange (MCX), gold futures gained 0.24% to Rs 51,285 per 10 gram. Silver futures gained 0.98% to Rs 61,505 per kilo.  In New Delhi,  gold is trading at  Rs 47,350 and 51,820 for the 22-carat and 24-carat respectively.

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