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

Last Updated: Saturday, August 24, 2013, 08:38
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices settled lower by Rs 304 to Rs 31,140 per 10 grams in futures trade Thursday as market participants trimmed their positions even range-bound trade overseas.

As per market analysts, later recovery in rupee against the dollar, which made imports cheaper, weighed on prices.

The rupee ended at 64.55 after falling as much as 65.56 against the US dollar Thursday.

At the Multi Commodity Exchange (MCX), gold for delivery in October dropped by Rs 304 to Rs 31,140 per ten grams.

Similarly, silver for delivery in September fell by Rs 257 to Rs 51,195 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, moved in narrow range after strong US jobs and manufacturing data stoked lingering concerns about an imminent pull-back in the Federal Reserve's stimulus measures.

Spot gold last traded down 0.04 percent at USD 1,374.64 an ounce. It is headed for a small loss for the week after a 5 percent gain last week.

In New York, gold for December delivery gained by 70 cents or 0.1 percent to settle at USD 1,370.80 an ounce on the Comex division of the NYMEX.

Meanwhile, gold prices surged by Rs 625 to Rs 31,750 per ten gram in Delhi bullion market on weakening rupee amid stockists buying ahead of festive and marriage season.

On similar lines, silver spurted by Rs 1,745 to Rs 51,900 per kg on increased offtake by jewellers and coin makers.

Mumbai

Standard gold of 99.5 percent purity slipped by Rs 65 to conclude at Rs 31,375 per 10 gm from Wednesday's closing level of Rs 31,440.

Pure gold of 99.9 percent purity lost Rs 55 to finish at Rs 31,530 per 10 gm from Rs 31,585.

Silver ready (.999 fineness) shot up by Rs 450 to end at Rs 52,410 per kg as against Rs 51,960 yesterday.

Chennai

Standard gold prices moved lower by Rs 90 to Rs 31,730 per ten grams as against its previous close of Rs 31,820.

Similarly, silver prices zoomed further by Rs 1,220 to Rs 54,225 per kg.

Delhi

Gold of 99.9 and 99.5 percent purity surged by Rs 625 each to Rs 31,750 and Rs 31,550 per ten gram, respectively.

Sovereign followed suit and rose by Rs 200 to Rs 25,100 per piece of eight gram.

In a similar fashion, silver ready recorded a sharp gains of Rs 1,745 to Rs 51,900 per kg and weekly-based delivery by Rs 1685 per kg.

Silver coins also spurted by Rs 3,000 to Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October dropped by Rs 304 to Rs 31,140 per ten grams.

Similarly, silver for delivery in September fell by Rs 257 to Rs 51,195 per kg.

International markets

Spot gold last traded down 0.04 percent at USD 1,374.64 an ounce. It is headed for a small loss for the week after a 5 percent gain last week.

In New York, gold for December delivery gained by 70 cents or 0.1 percent to settle at USD 1,370.80 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 0.07 percent to 913.52 tonnes on Wednesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,530 (-55) / SILVER: Rs 52,410 (+450)

Delhi

GOLD: Rs 31,750 (+625) / SILVER: Rs 51,900 (+1,745)

Chennai

GOLD: Rs 31,730 (-90) / SILVER: Rs 54,225 (+1,220)

Kolkata

GOLD: Rs 32,560/ SILVER: Rs 51,600

Bangalore

GOLD: Rs 32,304/ SILVER: Rs 52,300

Hyderabad

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




First Published: Thursday, August 22, 2013, 14:05


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