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

Last Updated: Friday, August 30, 2013, 10:37
 
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Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Gold prices settled higher by Rs 245 to Rs 33,650 per ten grams in futures trade Thursday as market participants enlarged their positions.

Sharp recovery in rupee against dollar coupled with a weakening trend overseas, however, capped the upside. The rupee today recovered as much as 66.51 Vs dollar.

At the Multi Commodity Exchange (MCX), gold for delivery in October gained by Rs 245 to Rs 33,650 per ten grams. The yellow metal had hit intra-day high of Rs 35,074 on Wednesday..

Similarly, silver for delivery in September moved higher by Rs 234 to Rs 55,542 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, fell today, snapping a five-day rally as a US-led military strike on Syria appeared not to be imminent and investors turned their attention to strong US economic growth and the Federal Reserve's plans
to rein in its stimulus program.

Spot gold last traded down USD 0.1 percent at USD 1,412 an ounce after gaining nearly USD 70 an ounce in the five sessions to Wednesday.

At its 3-1/2 month high of USD 1,433.31 hit on Wednesday, gold had gained 21 percent from the three-year low of USD 1,180.71 hit on June 28, pushing the metal into bull-market territory.

In New York, gold for December delivery slipped by USD 5.90 to settle at USD 1,412.90 an ounce on the Comex division of the NYMEX.

Meanwhile, gold prices fell from record high by plunging Rs 1,575 to Rs 32,325 per ten gram in Delhi bullion market on profit-selling by stockists driven by recovery in rupee amid a weakening global trend.

Silver followed suit and plunged by Rs 2790 to Rs 55,710 per kg on poor offtake by industrial users and coin makers at higher levels.

Mumbai

Standard gold of 99.5 percent purity strengthened by Rs 680 to close at Rs 33,265 per 10 gm from Tuesday's closing level of Rs 32,585.

Pure gold of 99.9 percent purity hardened by Rs 700 to finish at Rs 33,430 per 10 gm from Rs 32,730.

Silver ready (.999 fineness) spurted by a massive Rs 2,800 to end at Rs 59,470 per kg as against Rs 56,670 previously.

Delhi

Gold of 99.9 and 99.5 percent purity tumbled by Rs 1575 each to Rs 32,325 and Rs 32,125 per ten grams respectively. Sovereign lost Rs 200 at Rs 25,300 per piece of eight gram.

Silver ready nosedived by Rs 2790 to Rs 55,710 per kg and weekly-based delivery by Rs 3700 to Rs 55,300 per kg. The white metal had surged Rs 3700 in the previous session.

Silver coins also plunged by Rs 3,000 to Rs 89,000 for buying and Rs 90,000 for selling of 100 pieces on poor demand at prevailing higher levels.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October gained by Rs 245 to Rs 33,650 per ten grams. The yellow metal had hit intra-day high of Rs 35,074 on Wednesday..

Similarly, silver for delivery in September moved higher by Rs 234 to Rs 55,542 per kg.

International markets

Spot gold last traded down USD 0.1 percent at USD 1,412 an ounce after gaining nearly USD 70 an ounce in the five sessions to Wednesday.

In New York, gold for December delivery slipped by USD 5.90 to settle at USD 1,412.90 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 rose 0.10 percent, or 0.90 tonnes, to 921.03 tonnes on Tuesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 33,430 / SILVER: Rs 59,470

Delhi

GOLD: Rs 32,325 (-1575) / SILVER: Rs 55,710 (-2,790)

Chennai

GOLD: Rs 31,045/ SILVER: Rs 58,380

Kolkata

GOLD: Rs 33,815 / SILVER: Rs 56,000

Bangalore

GOLD: Rs 33,804/ SILVER: Rs 56,100

Hyderabad

GOLD: Rs 32,000 / SILVER: Rs 56,800




First Published: Thursday, August 29, 2013, 12:39


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