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

Last Updated: Monday, July 22, 2013, 16:37
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices regained Rs 27,000- per ten grams level by rallying Rs 457 to Rs 27,162 per ten grams in futures trade Monday as market players enlarged their positions amid a firming global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in August spurted by Rs 457 to Rs 27,162 per ten grams as against its previous close of Rs 26,712.

Similarly, silver for delivery in September jumped by Rs 915 to Rs 41,269 per kg compared to Rs 40,344 on Saturday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, rose over 1.5 percent to its highest level in a month today as the US dollar slipped against other currencies, with gains in Japanese bullion futures adding extra support.

Spot gold last traded up USD 21 or 1.62 percent at USD 1,318.70 an ounce after hitting a high of USD 1,324.80 an ounce, its highest since June 20.

Gold last week posted its second weekly gain after the Federal Reserve's assurance the timing of any tapering in economic stimulus is not set in stone.

In New York, gold for August delivery climbed USD 8.70 or 0.7 percent to finish the week 1.2% higher at USD 1,292.90 an ounce on the Comex division of the NYMEX.

That was the highest settlement for a most-active contract since June 19.

In Delhi spot market, Gold prices surged by Rs 390 to Rs 27,680 per 10 grams in the national capital Monday on brisk buying by stockists, taking strong cues from global markets.

In line with the general firming trend, silver shot up by Rs 800 to Rs 41,325 per kg on increased offtake by jewellers and industrial units.

Mumbai

Standard gold of 99.5 percent purity climbed up by Rs 90 to finish at Rs 26,885 per 10 gm from Friday's closing level of Rs 26,795.

Pure gold of 99.9 percent purity rose by Rs 105 to conclude at Rs 27,030 per 10 gm from Rs 26,925.

Silver ready (.999 fineness) moved down by Rs 55 to end at Rs 40,885 per kg as against Rs 40,940 yesterday.

Chennai

Standard gold prices moved higher by Rs 405 to 27,350 per ten grams as against its previous close of Rs 26,945.

Similarly, silver prices zoomed by Rs 920 to Rs 41,195 per kg from Rs 40,275.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity zoomed up by Rs 390 each to Rs 27,680 and Rs 27,480 per 10 grams, respectively. Sovereigns followed suit and rose by Rs 50 to Rs 24,300 per piece of eight grams.

In a similar fashion, silver ready rallied by Rs 800 to Rs 41,325 per kg and weekly-based delivery by Rs 840 to Rs 41,200 per kg, respectively. However, silver coins held steady at Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August spurted by Rs 457 to Rs 27,162 per ten grams against its previous close of Rs 26,712.

Similarly, silver for delivery in September jumped by Rs 915 to Rs 41,269 per kg compared to Rs 40,344 on Saturday.

International markets

Spot gold last traded up USD 21 or 1.62 percent at USD 1,318.70 an ounce after hitting a high of USD 1,324.80 an ounce, its highest since June 20.

In New York, gold for August delivery climbed USD 8.70 or 0.7 percent to finish the week 1.2% higher at USD 1,292.90 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.29 percent to 932.46 tonnes on Friday from 935.17 tonnes on Thursday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 26,885 (+90) / SILVER: Rs 40,885 (-55)

Delhi

GOLD: Rs 27,680 (+390) / SILVER: Rs 41,325 (+800)

Chennai

GOLD: Rs 27,350 (+405) / SILVER: Rs 41,195 (+920)

Kolkata

GOLD: Rs 27,270 / SILVER: Rs 40,250

Bangalore

GOLD: Rs 27,220/ SILVER: Rs 41,000

Hyderabad

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

With Agency Inputs



First Published: Monday, July 22, 2013, 09:10


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