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

Last Updated: Thursday, July 25, 2013, 08:47
 
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Gold price today: Latest updates


Zee Media Bureau

Gold prices failed to extend their early gains and moved lower by Rs 38 to Rs 27,536 per ten grams in futures trade Wednesday as market players trimmed their positions, largely in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in August edged lower by Rs 38 to Rs 27,536 per ten grams as against its previous close of Rs 27,592.

Similarly, silver for delivery in September declined by Rs 106 to Rs 41,748 per kg compared to Rs 41,879 on Tuesday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, dropped over 0.5 percent today after hitting a fresh one-month high the session before as the dollar climbed off lows and investors took profits after four days of gains.

Spot gold last traded down 0.56 percent or USD 7.50 at USD 1,341.20 an ounce, after rising to a one-month peak on Tuesday as speculators bought back bearish bets ahead of an option expiry later this week.

In New York, gold for August delivery climbed USD 9 to settle at USD 1,343.40 an ounce on the Comex division of the NYMEX yesterday.

In Delhi spot market, gold prices fell from its one-month high level and lost Rs 35 to Rs 28,330 per 10 grams, owing to decline in demand at prevailing higher levels amid a weak global trend.

Silver also declined by Rs 140 to Rs 41,980 per kg on reduced offtake by industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity advanced by Rs 395 to close at Rs 27,720 per 10 gm from Monday's closing level of Rs 27,325.

Pure gold of 99.9 percent purity soared by a similar margin to finish at Rs 27,860 per 10 gm from Rs 27,465.

Silver ready (.999 fineness) rose by Rs 565 to end at Rs 42,450 per kg as against Rs 41,885 yesterday.

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 per cent purity slipped by Rs 35 each to Rs 28,330 and Rs 28,130 per 10 grams, respectively. Sovereigns also fell by Rs 100 to Rs 24,300 per piece of eight grams.

In line with a general weak trend, silver ready and weekly-based delivery fell by Rs 140 each to Rs 41,980 and Rs 41,905 per kg, respectively.

Silver coins plunged by Rs 1,000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August edged lower by Rs 38 to Rs 27,536 per ten grams as against its previous close of Rs 27,592.

Similarly, silver for delivery in September declined by Rs 106 to Rs 41,748 per kg compared to Rs 41,879 on Tuesday.

International markets

Spot gold last traded down 0.56 percent or USD 7.50 at USD 1,341.20 an ounce, after rising to a one-month peak on Tuesday as speculators bought back bearish bets ahead of an option expiry later this week.

In New York, gold for August delivery climbed USD 9 to settle at USD 1,343.40 an ounce on the Comex division of the NYMEX yesterday.

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: 27,860 (+395) / SILVER: Rs 42,450 (+565)

Delhi

GOLD: Rs 28,330 (-35) / SILVER: Rs 41,980 (-140)

Chennai

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

Kolkata

GOLD: Rs 28,095 / SILVER: Rs 41,900

Bangalore

GOLD: Rs 27,992/ SILVER: Rs 42,400

Hyderabad

GOLD: Rs 28,300 / SILVER: Rs 43,000





First Published: Wednesday, July 24, 2013, 09:13


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