Gold price today: Latest updates
   
Quotes

Gold price today: Latest updates

Last Updated: Monday, September 23, 2013, 11:26
 
 Comment 0
 
Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices settled below Rs 30,000 level by plunging Rs 632 to Rs 29,912 per ten grams in futures trade Saturday as market participants trimmed their positions in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October fell by Rs 632 to end the week at Rs 29,912 per ten grams.

Similarly, silver benchmark delivery tanked by Rs 2,444 to Rs 49,306 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, sank 2.5 percent on Friday as institutional investors sold aggressively after the Saint Louis Fed president said the US central bank might move next month to reduce stimulus spending that has bolstered bullion for years.

Spot gold last quoted at USD 1,331.20 an ounce, down 2.4 percent.

In New York, gold for December delivery fell by USD 36.80 to USD 1,332.50 an ounce on the Comex division of the NYMEX.

Meanwhile, prices of both precious metals, gold and silver, fell further in Delhi bullion market on sustained selling by stockists on the back of sluggish demand amid a weak global trend.

While gold plunged by Rs 280 to Rs 30,500 per ten gram in continuation with a loss of Rs 30 yesterday, silver dropped by Rs 1,600 to Rs 49,500 per kg after easing Rs 100 in the previous session on poor offtake by jewellers and industrial units.

Delhi

Gold of 99.9 and 99.5 percent purity plunged by Rs 280 each to Rs 30,500 and Rs 30,300 per ten gram, respectively. It had shed Rs 30 yesterday.

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

Silver ready and weekly-based delivery tumbled by Rs 1,600 each to Rs 49,500 per kg, respectively. The white metal had lost Rs 100 in last trade.

Silver coins also dropped by Rs 1000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October fell by Rs 632 to end the week at Rs 29,912 per ten grams.

Similarly, silver benchmark delivery tanked by Rs 2,444 to Rs 49,306 per Kg.

International markets

Spot gold last quoted at USD 1,331.20 an ounce, down 2.4 percent.

US Comex gold futures for December delivery settled down USD 36.80 an ounce at USD 1,332.50.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.20 percent, or 1.81 tonnes, to 910.19 tonnes on Friday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,145 / SILVER: Rs 51,275

Delhi

GOLD: Rs 31,500 (-280) / SILVER: Rs 49,500 (-1,600)

Chennai

GOLD: Rs 30,330 / SILVER: Rs 49,255

Kolkata

GOLD: Rs 30,610 / SILVER: Rs 49,500

Bangalore

GOLD: Rs 30,401/ SILVER: Rs 50,100

Hyderabad

GOLD: Rs 30,400 / SILVER: Rs 52,000



First Published: Monday, September 23, 2013, 09:52


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved