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

Last Updated: Saturday, September 14, 2013, 10:46
 
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Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Gold prices recovered marginally but failed to regain Rs 32,000 level by gaining Rs 23 to Rs 31,884 per ten grams in futures trade Saturday as market participants enlarged some of their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October edged higher by Rs 23 to Rs 31,884 per ten grams. The yellow metal had hit an intra-day high of Rs 35,074 in previous week.

Similarly, silver benchmark delivery rose by Rs 165 to Rs 54,982 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, rose 1.5 percent after weaker-than-expected US nonfarm payrolls increased confusions over when the Federal Reserve will start paring back its massive bond-buying stimulus.

Despite Friday's rally, gold ended the week 0.5 percent lower for a second consecutive weekly loss as its safe-haven appeal dropped on a lack of progress about possible US military strikes against Syria.

Bullion jumped as much as USD 30 or 2 percent after data showed US employers hired fewer workers than expected in August and the jobless rate hit a 4-1/2 year low as Americans gave up the search for work.

Spot gold last traded up 1.5 percent at USD 1,387.46 per ounce after falling nearly 2 percent to two-week low yesterday.

In New York, gold for December delivery gained by USD 13.50 to USD 1,386.50 an ounce on the Comex division of the NYMEX.

Gold rose to a 3-1/2 month high of USD 1,433.31 an ounce in late August on safe-having buying after the United States and its allies looked close to launching an imminent military strike on Syria.

Meanwhile, gold prices zoomed by Rs 725 to Rs 31,725 per ten grams in Delhi bullion market on revival of buying at prevailing levels.

Mumbai

Standard gold of 99.5 percent purity climbed by Rs 190 to finish at Rs 30,970 per 10 gm from overnight closing level of Rs 30,780.

Pure gold of 99.9 percent purity rose by Rs 180 to end at Rs 31,110 per 10 gm from Rs 30,930.

Silver ready (.999 fineness) shot up by Rs 1,485 to conclude at 55,670 per kg from Friday's closing level of Rs 54,185.

Delhi

Gold of 99.9 and 99.5 percent purity shot up by Rs 725 each to Rs 31,725 and Rs 31,525 per ten grams, respectively, after gaining Rs 50 yesterday. Sovereign added Rs 100 to Rs 25,200 per piece of eight gram.

Silver ready rose by Rs 50 to Rs 54,300 per kg while weekly-based delivery climbed by Rs 1,730 to Rs 54,930 per kg. The metal had gained Rs 550 yesterday. Silver coins spurted by Rs 1,000 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 edged higher by Rs 23 to Rs 31,884 per ten grams. The yellow metal had hit an intra-day high of Rs 35,074 in previous week.

Similarly, silver benchmark delivery rose by Rs 165 to Rs 54,982 per kg.

International markets

Spot gold last traded up 1.5 percent at USD 1,387.46 per ounce after falling nearly 2 percent to two-week low yesterday.

In New York, gold for December delivery gained by USD 13.50 to USD 1,386.50 an ounce on the Comex division of the NYMEX.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,110 (+180)/ SILVER: Rs 55,670 (+1,485)

Delhi

GOLD: Rs 31,725 (+725) / SILVER: Rs 54,300 (+50)

Chennai

GOLD: Rs 30,310 / SILVER: Rs 56,075

Kolkata

GOLD: Rs 31,870 / SILVER: Rs 53,700

Bangalore

GOLD: Rs 32,647/ SILVER: Rs 54,000

Hyderabad

GOLD: Rs 30,800 / SILVER: Rs 54,800




First Published: Saturday, September 07, 2013, 12:48


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