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Indian spot gold rate maintains Rs 52,400-level despite drop in global prices

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs 52,410 from Rs 52,400. It was also higher than the previous week average of Rs. 51,518.57 by 1.73%.

Although the global gold prices($1964.6) dropped by 0.32%, the spot gold prices in India(Rs 52,410) saw a growth of 0.02%.

In global markets, gold prices moved lower today after an uptick in the previous session. Spot gold fell by 0.32% to $1964.6 per Troy ounce. This price level is 7.37% higher than average gold price observed in the past 30 days ($1819.8). Among other precious metals, silver prices saw a fall today. Silver plunged 0.42% to $24.2 per Troy ounce.

Further, platinum price has suffered. The precious metal platinum fell 0.38% to $923.5 per Troy ounce. Meanwhile in India, gold was priced at Rs 53,272 per 10 gram on MCX, with a change of Rs 63.93. Also, the price of 24k gold in the Indian spot market was quoted at Rs 52,410.

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