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

Last Updated: Friday, July 12, 2013, 13:35
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices extended their early gains by Rs 170 to Rs 26,180 per ten grams in futures trade Wednesday as market players enlarged their exposures, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 170 to Rs 26,180 per ten grams as against its previous close of Rs 26,010.

Similarly, silver for delivery in September spurted by Rs 119 to Rs 40,287 per kg from Rs 40,168 on Tuesday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, last traded up 0.25 percent or USD 3.10 at USD 1,254.80 an ounce, after hitting a one-week high of USD 1,260.01 on Tuesday.

Market players are now awaiting minutes from the Federal Reserve June policy meeting later in the day. Fed Chairman Ben Bernanke is also due to speak at a conference.

In New York, gold for August delivery rose USD 11 or 0.9 percent to settle at USD 1,245.90 an ounce on the Comex division of the NYMEX.

In Delhi spot market, both the precious metals, gold and silver, fell on subdued demand at prevailing higher levels amid a weak global trend.

While gold dropped by Rs 115 to Rs 26,715 per 10 grams, silver lost Rs 400 to Rs 40,350 per kg on lack of buying support from jewellers and industrial units.

Chennai

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 fell by Rs 115 each to Rs 26,715 and Rs 26,515 per 10 grams, respectively. It had climbed Rs 280 yesterday. Sovereigns followed suit and declined by Rs 100 to Rs 24,000 per piece of eight grams.

In a similar fashion, silver ready declined by Rs 400 to Rs 40,350 per kg and weekly-based delivery by Rs 300 to Rs 40,300 per kg, respectively. The white metal had gained Rs 610 in the previous session.

Silver coins also plunged by Rs 1000 to Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces on poor demand at existing higher levels.

Mumbai

Standard gold of 99.5 percent purity rose by Rs 155 to close at Rs 26,290 per 10 gm from Tuesday's closing level of Rs 26,135.

Pure gold of 99.9 percent purity also increased by Rs 160 to conclude at Rs 26,430 per 10 gm from Rs 26,270.

However, silver ready (.999 fineness) declined by Rs 205 to finish at Rs 41,050 per kg from Rs 41,255 yesterday.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 170 to Rs 26,180 per ten grams as against its previous close of Rs 26,010.

Similarly, silver for delivery in September spurted by Rs 119 to Rs 40,287 per kg from Rs 40,168 on Tuesday.

International markets

Spot gold last traded up 0.25 percent or USD 3.10 at USD 1,254.80 an ounce, after hitting a one-week high of USD 1,260.01 on Tuesday.

In New York, gold for August delivery rose USD 11 or 0.9 percent to settle at USD 1,245.90 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world's largest gold exchange-traded fund, fell to 939.75 tonnes on Tuesday, 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: 26,430 (+160) / SILVER: Rs 41,050 (-205)

Delhi

GOLD: Rs 26,715 (-115) / SILVER: Rs 40,350 (-400)

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 26,688 (+145)/ SILVER: Rs 40,900 (+100)

Hyderabad

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

With Agency Inputs




First Published: Wednesday, July 10, 2013, 09:26


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