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

Last Updated: Friday, August 09, 2013, 17:03
 
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Gold price today: Latest updates

Zee Media Bureau

Gold prices gained by Rs 236 to settle at Rs 27,913 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 236 to Rs 27,913 per ten grams.

Similarly, silver for delivery in September increased by Rs 445 to Rs 42,235 per kg.

'Not wise to invest in gold at current level'

Gold price in overseas markets, edged higher for a third session on Friday, eking out a small gain for the week and pulling further away from a three-week trough as a softer US dollar offset fears of a tapering in stimulus measures next month.

Spot gold last traded up 0.1 percent at USD 1,313.25 an ounce, after gaining about 2 percent in the previous session.

In New York, gold for December delivery rallied by USD 24.60 or 1.9 percent to settle at USD 1,309.90 an ounce on the Comex division of the NYMEX.

In Delhi spot market, prices of both precious metals gold and silver extended gains for the second straight day today on festive buying amid a firming global trend.

While gold added Rs 20 to Rs 28,520 per ten grams in continuation of a rise of Rs 160 yesterday, silver rose by Rs 615 to Rs 42,385 per kg after gaining Rs 360 in the previous session.

Mumbai

Standard gold of 99.5 percent purity rose Rs 155 to end at Rs 28,220 per 10 gm from Wednesday's closing level of Rs 28,065.

Pure gold of 99.9 percent purity gained Rs 160 to conclude at Rs 28,380 per 10 gm from Rs 28,220.

Silver ready (.999 fineness) climbed up by Rs 540 to finish at Rs 42,260 per kg from Rs 41,720 previously.

Chennai

Standard gold prices extended gains by Rs 240 to Rs 28,480 per ten grams as against its previous close of Rs 28,240.

Similarly, silver prices gained further by Rs 245 to Rs 41,960 per kg.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity added Rs 20 each to Rs 28,520 and Rs 28,320 per ten grams, respectively. Sovereign remained stable at Rs 24,400 per piece of eight gram.

In line with a general firm trend, silver ready and weekly-based delivery advanced by Rs 615 each to Rs 42,385 and Rs 42,235 per kg, respectively.

Silver coins also spurted 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 October rose by Rs 236 to Rs 27,913 per ten grams.

Similarly, silver for delivery in September increased by Rs 445 to Rs 42,235 per kg.

International markets

Spot gold last traded up 0.1 percent at USD 1,313.25 an ounce, after gaining about 2 percent in the previous session.

In New York, gold for December delivery rallied by USD 24.60 or 1.9 percent to settle at USD 1,309.90 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 1.2 tonnes to 909.33 tonnes on Thursday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 28,380 (+160) / SILVER: Rs 42,260 (+540)

Delhi

GOLD: Rs 28,520 (+20) / SILVER: Rs 42,385 (+615)

Chennai

GOLD: Rs 28,480 (+240) / SILVER: Rs 41,960 (+245)

Kolkata

GOLD: Rs 28,875 / SILVER: Rs 42,350

Bangalore

GOLD: Rs 28,936/ SILVER: Rs 42,500

Hyderabad

GOLD: Rs 28,700/ SILVER: Rs 41,500



First Published: Friday, August 09, 2013, 11:35


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