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

Last Updated: Tuesday, August 20, 2013, 08:37
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices settled higher by Rs 85 to Rs 30,840 per 10 grams in futures trade Saturday as market participants enlarged their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October gained further by Rs 85 to Rs 30,840 per ten grams.

However, silver for delivery in September slipped by Rs 225 to Rs 50,662 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, extended its yesterday's gains by nearly 1 percent to a fresh two-month high.

The yellow metal posted its biggest weekly gain in five weeks as disappointing US data dimmed hopes for a swift economic recovery.

Gold's appeal as an investment hedge increased after US economic reports on Friday showed weaker consumer confidence in August and lower-than-expected residential construction last month.

Spot gold last traded up 0.9 percent at USD 1,377.60 an ounce by, having set a two-month high of
USD 1,379.60.

In New York, gold for December delivery gained further by USD 10.10 or 0.7 percent to settle at USD 1,371 an ounce on the Comex division of the NYMEX. That was the highest close for a most-active contract since June 19.

Gold futures saw a weekly rise of 4.5 percent, the strongest gain since the week ending July 12,

In Delhi spot market, gold prices took another jump of Rs 515 to scale an eight-month high of Rs 31,525 per ten gram on sustained buying by stockists and investors.

Mumbai

Standard gold of 99.5 percent purity soared by Rs 630 to conclude at Rs 31,325 per 10 gm from Friday's closing level of Rs 30,695.

Pure gold of 99.9 percent purity spiked by Rs 640 to end at Rs 31,470 per 10 gm from Rs 30,830.

Silver ready (.999 fineness) jumped by a massive Rs 1,505 to finish at Rs 51,485 per kg compared to Rs 49,980 yesterday.

Chennai

Standard gold prices moved higher by Rs 685 to Rs 31,505 per ten grams as against its previous close of Rs 30,810.

Similarly, silver prices zoomed further by Rs 800 to Rs 51,630 per kg.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity advanced by Rs 515 each to Rs 31,525 and Rs 31,325 per ten grams, respectively.

Sovereign followed suit and climbed by Rs 200 to Rs 24,900 per piece of eight gram.

Similarly, silver ready added Rs 1,365 to Rs 50,685 per kg and weekly-based delivery by Rs 1,315 to Rs 50,535 per kg, after steep rise of Rs 3,270 in the previous session.

Silver coins spurted by Rs 1,000 to Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October gained further by Rs 85 to Rs 30,840 per ten grams.

However, silver for delivery in September slipped by Rs 225 to Rs 50,662 per kg.

International markets

Spot gold last traded up 0.9 percent at USD 1,377.60 an ounce by, having set a two-month high of
USD 1,379.60.

In New York, gold for December delivery gained further by USD 10.10 or 0.7 percent to settle at USD 1,371 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 0.03 percent to 912.92 tonnes on Thursday. It had, however, seen gains on Wednesday, only the second increase in two months.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,470 (+640) / SILVER: Rs 51,485 (+1,505)

Delhi

GOLD: Rs 31,525 (+515) / SILVER: Rs 50,685 (+1,365)

Chennai

GOLD: Rs 31,505 (+685) / SILVER: Rs 51,630 (+800)

Kolkata

GOLD: Rs 31,860 / SILVER: Rs 50,600

Bangalore

GOLD: Rs 31,078/ SILVER: Rs 46,800

Hyderabad

GOLD: Rs 31,500 / SILVER: Rs 51,000



First Published: Saturday, August 17, 2013, 11:55


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