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Gold price today: Latest updates

Last Updated: Friday, July 12, 2013 - 13:36

Zee Media Bureau

Gold prices continued their yesterday's uptrend by moving up Rs 150 to Rs 26,257 per ten grams in futures trade early Tuesday as market players enlarged their positions at current levels, moving in tandem with a strengthening global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 150 to Rs 26,257 per ten grams as against its previous close of Rs 26,107.

Similarly, silver for delivery in September rose by Rs 315 to Rs 40,703 per kg from Rs 40,388 on Monday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, extended its yesterday's uptrend by over 1 percent as China inflation data boosted its appeal as a hedge against rising prices in the world's second-biggest buyer of the
metal.

Spot gold last traded up 15.70 or 1.27 percent at USD 1,255.30 an ounce, after gaining 1 percent on Monday as the dollar eased from three-year high.

In New York, gold for August delivery rose USD 22.20 or 1.8 percent to settle at USD 1,234.90 an ounce on the Comex division of the NYMEX.

In Delhi spot market, snapping its three-day losing streak, gold prices recovered sharply Rs 280 to Rs 26,830 per 10 grams on fresh buying by stockists and investors at prevailing lower levels amid a firm global trend.

Silver also rebounded by Rs 610 to Rs 40,750 per kg on increased offtake by industrial units and coin makers.

Chennai

GOLD: Rs 26,415 (+190) / SILVER: Rs 40,390 (+190)

Standard gold prices moved higher by Rs 190 to Rs 26,415 per ten grams as against its previous close of Rs 26,225.

Similarly, silver prices spurted by Rs 190 to Rs 40,390 per kg from Rs 40,200.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity recovered sharply by Rs 280 each to Rs 26,830 and Rs 26,630 per 10 grams, respectively. The yellow metal had lost Rs 280 in the previous three sessions. Sovereigns followed suit and rose by Rs 100 to Rs 24,100 per piece of eight grams.

In line with a general firm trend, silver ready rebounded by Rs 610 to Rs 40,750 per kg and weekly-based delivery by Rs 490 to Rs 40,600 per kg, respectively. The white metal had lost Rs 1260 in last three sessions.

Silver coins spurted by Rs 1,000 to Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Mumbai

Standard gold of 99.5 percent purity slipped by Rs 15 to close at Rs 26,135 per 10 gm from last Saturday's closing level of Rs 26,150.

Pure gold of 99.9 percent purity also eased by similar margin to conclude at Rs 26,270 per 10 gm from Rs 26,285.

However, silver ready (.999 fineness) rose by Rs 115 to finish at Rs 41,255 per kg from Rs 41,140 last weekend.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 150 to Rs 26,257 per ten grams as against its previous close of Rs 26,107.

Similarly, silver for delivery in September rose by Rs 315 to Rs 40,703 per kg from Rs 40,388 on Monday.

International markets

Spot gold last traded up 15.70 or 1.27 percent at USD 1,255.30 an ounce, after gaining 1 percent on Monday as the dollar eased from three-year high.

In New York, gold for August delivery rose USD 22.20 or 1.8 percent to settle at USD 1,234.90 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world's largest gold exchange-traded fund, reported an outflow of 1.56 percent to 946.96 tonnes on Monday, its lowest since February 2009.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 26,270 (-15) / SILVER: Rs 41,255 (+115)

Delhi

GOLD: Rs 26,830 (+280) / SILVER: Rs 40,750 (+610)

Chennai

GOLD: Rs 26,415 (+190) / SILVER: Rs 40,390 (+190)

Kolkata

GOLD: Rs 26,755 (+110)/ SILVER: Rs 40,300 ( Unchanged)

Bangalore

GOLD: Rs 26,543 / SILVER: Rs 40,800

Hyderabad

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

With Agency Inputs

First Published: Tuesday, July 9, 2013 - 09:31
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