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

Last Updated: Friday, July 26, 2013, 10:57
 
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Gold price today: Latest updates

Ajeet Kumar

Rebounding from their afternoon losses, gold prices settled higher by Rs 177 to Rs 27,417 per ten grams in futures trade Thursday as speculators enlarged their positions, closely in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in August gained by Rs 177 to Rs 27,417 per ten grams as against its previous close of Rs 27,240 .

Similarly, silver for delivery in September moved higher by Rs 99 to Rs 41,445 per kg compared to Rs 41,438 on Wednesday.

'Not wise to invest in gold at current level'

Gold price in overseas markets, recovered nearly 1 percent, helped by a weaker dollar and hopes of a prolonged period of easy monetary policy.

Spot gold fell as low as USD 1,308.74 an ounce in early trading but sharply recovered to USD 1,327.51 an ounce.

In New York, gold for August delivery rose USD 9.30 or 0.7 percent to settle at USD 1,328.80 an ounce on the Comex division of the NYMEX.

In Delhi spot market, both the precious metals, gold and silver prices, tumbled on heavy sell-off by stockists in tandem with a sharp fall in global markets.

While gold plunged by Rs 510 to Rs 27,820 per 10 grams, silver lost Rs 755 to Rs 41,225 per kg on poor offtake by jewellers and indutrial units.

Mumbai

Standard gold of 99.5 percent purity dropped Rs 260 to conclude at Rs 27,505 per 10 gm from Wednesday's closing level of Rs 27,765.

Pure gold of 99.9 percent purity shed Rs 255 to end at Rs 27,645 per 10 gm from Rs 27,900.

Silver ready (.999 fineness) tanked Rs 825 to finish at Rs 41,520 per kg compared to Rs 42,345 yesterday.

Chennai

Standard gold prices moved lower by Rs 280 to Rs 27,450 per ten grams as against its previous close of Rs 27,730.

Similarly, silver prices tanked by Rs 1,120 to Rs 40,730 per kg from Rs 41,850.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity tumbled by Rs 510 each to Rs 27,820 and Rs 27,620 per 10 grams, respectively. Sovereigns followed suit and lost Rs 100 at Rs 24,200 per piece of eight grams.

In line with a weak general trend, silver ready dropped by Rs 755 to Rs 41,225 per kg and weekly-based delivery by Rs 815 to Rs 41,090 per kg, respectively.

Silver coins also plunged by Rs 1,000 to 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 gained by Rs 177 to Rs 27,417 per ten grams as against its previous close of Rs 27,240 .

Similarly, silver for delivery in September moved higher by Rs 99 to Rs 41,445 per kg compared to Rs 41,438 on Wednesday.

International markets

Spot gold fell as low as USD 1,308.74 an ounce in early trading but sharply recovered to USD 1,327.51 an ounce.

In New York, gold for August delivery rose USD 9.30 or 0.7 percent to settle at USD 1,328.80 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 0.26 percent to 927.36 tonnes on Thursday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 27,645 (-255) / SILVER: Rs 41,520 (-825)

Delhi

GOLD: Rs 27,820 (-510) / SILVER: Rs 41,225 (-755)

Chennai

GOLD: Rs 27,450 (-280) / SILVER: Rs 40,730 (-1,120)

Kolkata

GOLD: Rs 27,835 / SILVER: Rs 40,800

Bangalore

GOLD: Rs 27,777/ SILVER: Rs 41,600

Hyderabad

GOLD: Rs 28,300 / SILVER: Rs 43,400



First Published: Thursday, July 25, 2013, 09:15


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