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Commodity Market: Gold price slips down for second day in a row

Mumbai:  Price of sovereign gold edged lower for second day in a row in Kerala. Sovereign gold is trading at Rs 43,960, down by Rs 120 per 8 gram. Yesterday, the yellow metal suffered a loss of Rs 240 per 8 gram.

In the global markets, price of spot gold was little changed at $1,935.20 per ounce. U.S. gold futures eased 0.2% to $1,970.90. Palladium prices fell 0.5% to $1,237.19 an ounce. Price of spot silver was down 0.1% at $23.72 an ounce and platinum dropped 0.4% to $917.74. Both the metals were at their lowest levels in about three weeks.

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On the Multi Commodity Exchange (MCX), gold futures  were trading at  Rs 59,439 per 10 gram, down by  Rs 68 or 0.11%. The previous close was recorded at Rs 59,471.  Silver futures witnessed a downfall of Rs 307 or 0.42% and were retailing at Rs 72,749 per kg.

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