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Commodity Market: Gold price slips down sharply

Mumbai: Price of sovereign gold depreciated sharply in Kerala. Gold is trading at Rs 48,280, down by Rs 320 per 8 gram. One gram gold is priced at Rs 6035, down by Rs 40. Gold price touched an all-time high of Rs 48,600 per 8 gram on Saturday. Gold price remained unchanged in the last three days.

On the Multi Commodity Exchange (MCX), gold futures traded at 65,559 per 10 gram, gaining Rs 78 or 0.12% over Tuesday’s closing price. However, they have declined by Rs 879 or 1.3% from their all-time high of Rs 66,356. The prices have risen by 4.78% or Rs 2,990 on MCX on a month-to-date basis.  Silver futures were trading at Rs 73,924 per kg, higher by Rs 74 or 0.10%.

Also Read: State government to change names of 8 railway stations: Details 

In global markets,  price of spot gold edged 0.1% up to $2,158.26 per ounce. U.S. gold futures fell 0.1% to $2,163.50. Price of spot platinum fell 0.1% to $923.70 per ounce, palladium dropped 0.7% to $1,034.61 and silver shed 0.1% to $24.14.

 

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