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

Last Updated: Friday, July 19, 2013, 12:04
 
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Gold price today: Latest updates


Zee Media Bureau

Gold prices in futures trade pared most part of their gains in post evening session of trade Wednesday as market players trimmed their positions amid weakening global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 14 to Rs 26,483 per ten grams after moving in range of Rs 26,400-26,798.

However, silver for delivery in September decreased by Rs 303 to Rs 40,717 per kg.

'Not wise to invest in gold at current level'

Gold price in overseas markets, trimmed losses as the dollar retreated after Federal Reserve Chairman Ben Bernanke said the US central bank still expected to start scaling back its stimulus later this year, but left open the option of changing that plan.

Spot gold last traded down USD 6.90 or 0.53 percent at USD 1,285.60 an ounce after moving in range of USD 1,276.80-1,301.90.

The yellow metal gained 5 percent last week - its biggest weekly gain in nearly two years - on hopes that the stimulus would continue.

In New York, gold for August delivery climbed USD 6.90 or 0.5 percent to settle at USD 1,290.40 an ounce on the Comex division of the NYMEX yesterday.That was the highest settlement for a most-active contract since June 21.

In Delhi spot market, gold today recovered by Rs 50 to Rs 27,100 per 10 grams on fresh buying, while silver declined further by Rs 50 to Rs 41,050 per kg for want of support.

Chennai

Standard gold prices moved higher by Rs 105 to Rs 26,820 per ten grams as against its previous close of Rs 26,715.

However, silver prices slipped by Rs 40 to Rs 40,845 per kg from Rs 40,885.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 50 each to Rs 27,100 and Rs 26,900 per 10 grams, respectively. It had lost Rs 260 in last trade. Sovereigns held stable at Rs 24,150 per piece of eight grams.

On the other hand, silver ready and weekly-based delivery fell further by Rs 50 each at Rs 41,050 per kg, respectively.

Meanwhile, silver coins continued to be asked around previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Mumbai

Standard gold of 99.5 percent purity rose by Rs 45 to close at Rs 26,685 per 10 gm from Tuesday's closing level of Rs 26,640.

Pure gold of 99.9 percent purity also gained by a similar margin to conclude at Rs 26,825 per 10 gm from Rs 26,780.

However, silver ready (.999 fineness) dipped by Rs 150 to finish at Rs 41,520 per kg as compared to Rs 41,670 previously.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August traded up by Rs 14 to Rs 26,483 per ten grams after moving in range of Rs 26,400-26,798.

However, silver for delivery in September decreased by Rs 303 to Rs 40,717 per kg.

International markets

Spot gold last traded down USD 6.90 or 0.53 percent at USD 1,285.60 an ounce after moving in range of USD 1,276.80-1,301.90.

In New York, gold for August delivery climbed USD 6.90 or 0.5 percent to settle at USD 1,290.40 an ounce on the Comex division of the NYMEX yesterday.That was the highest settlement for a most-active contract since June 21.

Gold ETF

SPDR Gold Trust, the world's largest gold exchange-traded fund, fell to to 937.57 tonnes on Tuesday after a three-day pause.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 26,825 (+45) / SILVER: Rs 41,520 (-150)

Delhi

GOLD: Rs 27,100 (+50) / SILVER: Rs 41,050 (-50)

Chennai

GOLD: Rs 26,820 (+105) / SILVER: Rs 40,845 (-40)

Kolkata

GOLD: Rs 27,060 / SILVER: Rs 40,900

Bangalore

GOLD: Rs 27,083/ SILVER: Rs 41,500

Hyderabad

GOLD: Rs 27,200 / SILVER: Rs 41,600

With Agency Inputs



First Published: Wednesday, July 17, 2013, 12:56


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