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Commodity Market: Gold prices edge lower marginally

Mumbai: Price of sovereign gold depreciated marginally in the Kerala market. Sovereign gold is trading at Rs 43,240, down by Rs 80 per 8 gram. On July 1, the yellow metal gained by Rs 160 per 8 gram. Yesterday gold price remain unchanged.

On the Multi Commodity Exchange (MCX), gold  futures were trading at Rs 58,092 per 10 gram, down Rs 119 or 0.20%. Silver futures were trading lower by Rs 44 per kg or 0.06% at Rs 69,986. Both gold and silver futures settled with gains on Friday.

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In the international market, price of spot gold was down 0.1% to $1,917.19 per ounce. U.S. gold futures fell 0.2% to $1,925.10. On the Comex, Gold futures were trading at $1,923.10 per troy ounce, down $6.30 or 0.33% while Silver futures were trading at $22.960, down $0.060 or 0.260%.  Among other precious metals, price of spot silver was little changed at $22.74 per ounce, platinum fell 0.1% to $900.19 while palladium rose 0.4% to $1,232.06.

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