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Commodity Market: Gold price edge higher

Mumbai: Price of sovereign gold edged higher in the Kerala market. Price of yellow metal appreciated by Rs 30 per gram. In the last 5 days, yellow metal suffered a loss of Rs 480 per 8 gram. Sovereign gold is trading today at Rs 38,840, higher by Rs 240 per 8 gram.

On the Multi Commodity Exchange (MCX), gold futures were trading higher by 0.47% or Rs 244 at Rs 52,695 per 10 gram. Silver futures surged 1.16% or Rs 715 at Rs 62,345 per kg.

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In the international markets, price of spot gold rose 0.3% to $1,754.08 per. US gold futures advanced 0.5% to $1,754.30. Among other precious metals,  silver rose 0.3% to $21.59 per ounce, platinum added 0.3% to $998.80, while palladium gained 0.6% to $1,892.67.

 

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