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

Last Updated: Friday, August 09, 2013, 11:05
 
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Gold price today: Latest updates


Zee Media Bureau

Gold prices moved higher by Rs 83 to Rs 27,760 per ten grams in futures trade Thursday as market participants enlarged their positions closely in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October rose by Rs 83 to Rs 27,760 per ten grams.

Similarly, silver for delivery in September increased by Rs 273 to Rs 41,790 per kg.

'Not wise to invest in gold at current level'

Gold price in overseas markets,reversed early losses today as the US dollar languished at seven-week low, with traders covering short positions in the precious metal.

Gold is now up for a second straight session, having fallen to a three-week low early on Wednesday on fears of a stimulus wind down by the US Federal Reserve from next month.

Spot gold last traded up USD 4.10 or 0.32 percent at USD 1,292.40 an ounce after moving in range of USD 1,290.50 - USD 1,298.40.

In New York, gold for December delivery moved up by USD 2.80 or 0.2 percent to settle at USD 1,285.30 an ounce on the Comex division of the NYMEX yesterday.

In Delhi spot market, snapping its three-day falling trend, gold prices recovered by Rs 160 to Rs 28,500 per ten grams on fresh buying by stockists at existing lower levels amid a firm global trend.

Silver also rebounded by Rs 360 to Rs 41,770 per kg on increased offtake by industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity dropped by Rs 240 to close at Rs 28,065 per 10 gm from Tuesday's closing level of Rs 28,305.

Pure gold of 99.9 percent purity declined by Rs 220 to finish at Rs 28,220 per 10 gm from Rs 28,440.

Silver ready (.999 fineness) slumped by Rs 795 to end at Rs 41,720 per kg from Rs 42,515 yesterday.

Chennai

Standard gold prices moved higher by Rs 245 to Rs 28,240 per ten grams as against its previous close of Rs 27,995.

Similarly, silver prices rallied by Rs 815 to Rs 41,715 per kg.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 160 each to Rs 28,500 and Rs 28,300 per ten grams respectively. The yellow metal had lost Rs 460 in the previous three sessions.

Sovereign continued to be asked around previous level of Rs 24,400 per piece of eight gram.

In line with a general firm trend, silver ready rebounded by Rs 360 to Rs 41,770 per kg and weekly-based delivery by Rs 340 to Rs 41,620 per kg respectively. The white metal had shed Rs 695 yesterday.

Meanwhile, silver coins held steady at 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 October rose by Rs 83 to Rs 27,760 per ten grams.

Similarly, silver for delivery in September increased by Rs 273 to Rs 41,790 per kg.

International markets

Spot gold last traded up USD 4.10 or 0.32 percent at USD 1,292.40 an ounce after moving in range of USD 1,290.50 - USD 1,298.40.

In New York, gold for December delivery moved up by USD 2.80 or 0.2 percent to settle at USD 1,285.30 an ounce on the Comex division of the NYMEX yesterday.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.23 percent to 915.04 tonnes on Tuesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 28,220 (-220) / SILVER: Rs 41,720 (-795)

Delhi

GOLD: Rs 28,500 (+160) / SILVER: Rs 41,770 (+360)

Chennai

GOLD: Rs 28,240 (+245) / SILVER: Rs 41,715 (+815)

Kolkata

GOLD: Rs 28,360 / SILVER: Rs 41,100

Bangalore

GOLD: Rs 28,395/ SILVER: Rs 41,700

Hyderabad

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



First Published: Thursday, August 08, 2013, 12:07


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