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

Last Updated: Friday, July 26, 2013, 14:09
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices edged up Tuesday after zooming Rs 838 to Rs 27,543- per ten grams in futures trade yesterday as market players continued to enlarge their positions even a weakening trade in international market.

At the Multi Commodity Exchange (MCX), gold for delivery in August inched up by Rs 11 to Rs 27,571 per ten grams as against its previous close of Rs 27,543.

However, silver for delivery in September declined by Rs 220 to Rs 42,014 per kg compared to Rs 42,220 on Monday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, declined USD 7.60 or 0.57 percent to 1,328.60 per ounce after gaining over 3 percent yesterday.

Spot gold hit a one-month high of USD 1,338.91 on Monday, as speculators fearing a reversal of the recent downward price trend rushed to buy back bearish bets.

It was the gold's heftiest one-day gain in 13 months and its three-day rally is the biggest in almost two years.

In New York, gold for August delivery climbed USD 43.10 or 3.3 percent to settle at USD 1,336 an ounce on the Comex division of the NYMEX. The settlement was the highest for a most-active contract since June 19 of this year. The metal also scored its largest one-day percentage and dollar gain since June 29, 2012.

In Delhi spot market, gold prices shot up by Rs 685 to hit an over one-month high of Rs 28,365 per 10 grams on brisk buying following the RBI imposing fresh import norms, amid firm global cues.

In line with the general firming trend, silver jumped up by Rs 795 to Rs 42,120 per kg in continuation to a rise of Rs 800 in the previous session on rising demand from industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity shot up by Rs 440 to settle at Rs 27,325 per 10 gm from last Saturday's closing level of Rs 26,885.

Pure gold of 99.9 percent purity climbed up by Rs 435 to conclude at Rs 27,465 per 10 gm from Rs 27,030.

Silver ready (.999 fineness) zoomed by Rs 1,000 to end at Rs 41,885 per kg as against Rs 40,885 last weekend.

Chennai

Standard gold prices moved higher by Rs 400 to 27,750 per ten grams as against its previous close of Rs 27,350.

Similarly, silver prices zoomed by Rs 775 to Rs 41,970 per kg from Rs 41,195.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity surged by Rs 685 each to Rs 28,365 and Rs 28,165 per 10 grams, respectively. Sovereigns also advanced by Rs 100 to Rs 24,400 per piece of eight grams.

In a similar fashion, silver ready jumped up by Rs 795 to Rs 42,120 per kg and weekly-based delivery by Rs 845 to Rs 42045 per kg respectively.

Silver coins sky-rocketed by Rs 2,000 to Rs 81,000 for buying and Rs 82,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August inched up by Rs 11 to Rs 27,571 per ten grams as against its previous close of Rs 27,543.

However, silver for delivery in September declined by Rs 220 to Rs 42,014 per kg compared to Rs 42,220 on Monday.

International markets

Spot gold declined USD 7.60 or 0.57 percent to 1,328.60 per ounce after gaining over 3 percent yesterday.

In New York, gold for August delivery climbed USD 43.10 or 3.3 percent to settle at USD 1,336 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.16 percent to 929.76 tonnes on Tuesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 27,465 (+435) / SILVER: Rs 41,885 (+1,000)

Delhi

GOLD: Rs 28,365 (+685) / SILVER: Rs 42,120 (+795)

Chennai

GOLD: Rs 27,750 (+400) / SILVER: Rs 41,970 (+775)

Kolkata

GOLD: Rs 27,680 / SILVER: Rs 41,200

Bangalore

GOLD: Rs 27,674/ SILVER: Rs 41,800

Hyderabad

GOLD: Rs 27,600 / SILVER: Rs 42,300

With Agency Inputs



First Published: Tuesday, July 23, 2013, 09:09


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