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

Last Updated: Thursday, June 13, 2013, 12:37
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices recovered marginally by Rs 23 to Rs 27,915 per ten grams in futures trade Wednesday as market players enlarged some of their positions, moving in tandem with a firming global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in June moved higher by Rs 23 to Rs 27,915 per ten grams against its previous close of Rs 27,894.

Similarly, silver for delivery in July traded up by Rs 19 to Rs 43,630 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, rose nearly one percent today.

Spot gold last traded up 0.9 percent or USD 12.40 at USD 1,391.60 an ounce, after hitting an intra-day low of USD 1,372.20.

In New York, gold for August delivery gained USD 3, or 0.2 percent to USD 1,386 an ounce on the Comex division of the NYMEX yesterday.

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 fell by Rs 325 to Rs 28,190 per ten grams and silver by Rs 490 to Rs 44,200 per kg today on reduced offtake by jewellers and industrial units.

Chennai

Standard gold price slipped by Rs 30 to Rs 27,895 per ten grams as against its previous close of Rs 27,925.

However, silver price rose by Rs 55 to Rs 43,935 per kg from Rs 43,880.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity plunged by Rs 325 each to Rs 28,190 and Rs 27,990 per ten grams, respectively.

The yellow metal had gained Rs 515 in last two session. Sovereign followed suit and shed Rs 100 at Rs 24,300 per piece of eight gram.

In line with a general weak trend, silver ready fell by Rs 490 to Rs 44,200 per kg and weekly-based delivery by Rs 550 to Rs 43,490 per kg. The white metal had gained Rs 1090 in the previous two sessions.

Silver coins, however, held steady at Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Mumbai

Standard gold of 99.5 percent purity shed by Rs 140 to conclude at Rs 27,570 per 10 gm from Tuesday's closing level of Rs 27,710.

Pure gold of 99.9 percent purity fell by Rs 155 to end at Rs 27,700 per 10 gm from Rs 27,855.

Silver ready (.999 fineness) eased by Rs 90 to settle at Rs 44,470 per kg as against Rs 44,560 yesterday.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in June moved lower by Rs 236 to Rs 27,656 per ten grams against its previous close of Rs 27,894.

Similarly, silver for delivery in July traded down by Rs 278 to Rs 43,333 per kg.

International markets

Spot gold last traded up 0.9 percent or USD 12.40 at USD 1,391.60 an ounce, after hitting an intra-day low of USD 1,372.20.

In New York, gold for August delivery gained USD 3, or 0.2 percent to USD 1,386 an ounce on the Comex division of the NYMEX yesterday.

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

The world's largest gold-backed exchange-traded fund SPDR Gold Trust reported its largest inflow in over a month on Monday, of 2.7 tonnes. Its holdings remained near four-year low, however, down 340 tonnes this year.

Here are the city wise gold and silver rates:

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

Mumbai
GOLD: Rs 27,700 (-155) / SILVER: Rs 44,470 (-90)

Delhi
GOLD: Rs 28,190 (- 325) / SILVER: Rs 44,200 ( -490))

Chennai
GOLD: Rs 27,895 (-30) / SILVER: Rs 43,935 (+55)

Kolkata
GOLD: Rs 28,085 (-65)) / SILVER: Rs 44,000 (-50)

Bangalore
GOLD: Rs 28,094 (-129) / SILVER: Rs 44,600 (-200)

Hyderabad
GOLD: Rs---- / SILVER: Rs ---- --

With Agency Inputs



First Published: Wednesday, June 12, 2013, 13:18


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