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Commodity Market: Gold price rises sharply

Mumbai: Price of sovereign gold appreciated sharply in the Kerala market. The price of yellow metal surged after six days. In the last  six days, the yellow metal suffered a loss of Rs 640 per 8 gram. Today, gold price surged by Rs 320 per 8 gram. Sovereign gold is trading at Rs 41,760 per 8 gram.

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On the Multi Commodity Exchange (MCX), gold futures settled at Rs 56,780 per 10 gram. Gold futures ended lower on third week in a row on MCX. In international market, spot gold price closed at $1,841 per ounce levels, logging $24 per ounce dip in the week gone by.

 

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