Gold price today: Latest updates
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Gold price today: Latest updates

Last Updated: Saturday, June 08, 2013, 19:28
 
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Gold price today: Latest updates


Zee Media Bureau

Gold prices moved higher by Rs 97 to Rs 27,189 per ten grams in futures trade Wednesday as market players enlarged their positions, moving in tandem with their global counterparts .

At the Multi Commodity Exchange (MCX), gold for delivery in June rose by Rs 97 to Rs 27,189 per ten grams as against its previous closing level of Rs 27,007.

Silver for delivery in July increased by Rs 304 to Rs 44,067 per kg compared to Rs 43,763 per kg on Tuesday.

Gold prices in overseas markets, which normally set price trend on the domestic front, recovered today from a near 1 percent fall in the previous session as investors' hopes of the US bond-buying program staying intact for some more time overshadowed their fears of slowing bullion demand in India, the world's top consumer.

Spot gold last traded up 0.5 percent at USD 1,406.26 an ounce after falling 0.9 percent on Tuesday due to new import rules imposed by India.

In New York, gold for August delivery dropped USD 14.70, or 1 percent to settle at USD 1,397.20 an ounce on the Comex division of the NYMEX Tuesday.

Silver for July delivery also settled down 31 cents, or 1.4 percent at USD 22.41 an ounce.

Gold prices sank to around USD 1,321 on April 16, the lowest in more than two years, in a sell-off that surprised ardent gold investors and bulls.

In Delhi spot market, gold prices spurted by Rs 245 to Rs 27,670 per 10 grams on sustained buying by stockists amid a firming global trend.

Silver ready rose by Rs 300 to Rs 44,800 per kg and weekly-based delivery by Rs 380 to Rs 44,120 per kg on speculative buying.

Chennai

Standard gold price increased by Rs 105 to Rs 27,290 per ten grams as against its previous close of Rs 27,185.

Silver also rose by Rs 210 to Rs 44,405 per kg from Rs 44,195.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity spurted by Rs 245 each to Rs 27,670 and Rs 27,470 per 10 grams, respectively. Sovereigns also moved up by Rs 100 to Rs 24,100 per piece of eight grams.

Silver ready rose by Rs 300 to Rs 44,800 per kg and weekly-based delivery by Rs 380 to Rs 44,120 per kg on speculative buying.

Silver coins, on the other hand, held steady at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

Mumbai

Standard gold of 99.5 percent purity fell by Rs 30 to conclude at Rs 27,030 per 10 gm from Monday's closing level of Rs 27,060.

Pure gold of 99.9 percent purity edged down by Rs 35 to finish at Rs 27,155 per 10 gm from Rs 27,190.

Silver ready (.999 fineness) shed by Rs 250 to end at Rs 45,000 per kg, compared to yesterday's close of Rs 45,250.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in June rose by Rs 97 to Rs 27,189 per ten grams as against its previous closing level of Rs 27,007.

Silver for delivery in July increased by Rs 304 to Rs 44,067 per kg compared to Rs 43,763 per kg on Tuesday.

International markets

Spot gold last traded up 0.5 percent at USD 1,406.26 an ounce after falling 0.9 percent on Tuesday due to new import rules imposed by India.

In New York, gold for August delivery dropped USD 14.70, or 1 percent to settle at USD 1,397.20 an ounce on the Comex division of the NYMEX Tuesday.

Silver for July delivery also settled down 31 cents, or 1.4 percent at USD 22.41 an ounce.

Gold prices sank to around USD 1,321 on April 16, the lowest in more than two years, in a sell-off that surprised ardent gold investors and bulls.

Gold ETF

Holdings of New York's SPDR Gold Trust, the largest gold-backed exchange-traded-fund, remained unchanged on Monday, showing investors' growing confidence in the metal. The near-three week decline in the holdings came to a stop last Wednesday.

Here are the city wise gold and silver rates:

(Gold rates per 10 gm/Silver rates per Kg)

Mumbai
GOLD: Rs 27,155 (-35) / SILVER: Rs 45,000 (-250)

Delhi
GOLD: Rs 27,670 (+245) / SILVER: Rs 44,800 (+300)

Chennai
GOLD: Rs 27,290 (+105) / SILVER: Rs 44,405 (+210)

Kolkata
GOLD: Rs 27,495 (+15) / SILVER: Rs 44,300 (Unchanged)

Bangalore
GOLD: Rs 27,478 27,460 (+147) / SILVER: Rs 44,600 (-300)

Hyderabad
GOLD: Rs 27,700 (+700) / SILVER: Rs 45,000 (-200)

With Agency Inputs



First Published: Wednesday, June 05, 2013, 11:31


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