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

Last Updated: Tuesday, August 06, 2013, 13:19
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices slipped by Rs 35 to settle at Rs 28,451 per ten grams in futures trade Saturday as market participants trimmed their positions.

At the Multi Commodity Exchange (MCX), gold for delivery in August moved lower by Rs 35 to Rs 28,451 per ten grams.

Similarly, silver for delivery in September declined by Rs 91 to Rs 41,943 per kg.

'Not wise to invest in gold at current level'

Gold price in overseas markets, rose today following a sharp rebound from earlier lows, after mixed signals from the US nonfarm payrolls report suggested that the Federal Reserve could be more cautious about drawing down its economic stimulus program.

Spot gold last traded up 0.1 percent at USD 1,309.80 an ounce, having earlier traded as low as USD1,282.89.

In New York, gold for December delivery fell by 70 cents to settle at USD 1,310.50 an ounce on the Comex division of the NYMEX.

In Delhi spot market, gold surged by Rs 450 to Rs 28,800 per 10 grams. Silver rose by Rs 1,000 to Rs 42,100 per kg, reducing two days losses of Rs 1,160 on emergence of buying by industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity spiked by Rs 460 to finish at Rs 28,520 per 10 gm from overnight closing level of Rs 28,060.

Pure gold of 99.9 percent purity shot up by Rs 470 to end at Rs 28,665 per 10 gm from Rs 28,195.

Silver ready (.999 fineness) jumped by Rs 650 to conclude at Rs 42,510 per kg from Friday's close of Rs 41,860.

Chennai

Standard gold prices jumped by Rs 490 to Rs 28,450 per ten grams as against its previous close of Rs 27,960.

Similarly, silver prices zoomed by Rs 1,440 to Rs 42,345 per kg.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity shot up by Rs 450 each to Rs 28,800 and Rs 28,600 per 10 grams, respectively. Sovereigns held steady at Rs 24,400 per piece of eight grams in limited deals.

In a similar fashion, silver ready staged a comeback by surging Rs 1,000 to Rs 42,100 per kg and weekly-based delivery by Rs 1,050 to Rs 41,950 per kg. Silver coins jumped up by Rs 1,000 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 moved lower by Rs 35 to Rs 28,451 per ten grams.

Similarly, silver for delivery in September declined by Rs 91 to Rs 41,943 per kg.

International markets

Spot gold last traded up 0.1 percent at USD 1,309.80 an ounce, having earlier traded as low as USD1,282.89.

In New York, gold for December delivery fell by 70 cents to settle at USD 1,310.50 an ounce on the Comex division of the NYMEX.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.7 percent to 921.05 tonnes on Thursday, hitting fresh four year low.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 28,665 (+470) / SILVER: Rs 42,510 (+650)

Delhi

GOLD: Rs 28,800 (+450) / SILVER: Rs 42,100 (+1,000)

Chennai

GOLD: Rs 28,450 (+490) / SILVER: Rs 42,345 (+1,440)

Kolkata

GOLD: Rs 28,815 / SILVER: Rs 41,500

Bangalore

GOLD: Rs 28,703/ SILVER: Rs 42,500

Hyderabad

GOLD: Rs 29,000 / SILVER: Rs 41,600



First Published: Saturday, August 03, 2013, 10:11


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