Gold price today: Latest updates
Quotes

Gold price today: Latest updates

Last Updated: Tuesday, October 8, 2013, 10:00
 
 Comment 0
 
Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Extending their early slide, gold prices settled below Rs 29,500 level by falling Rs 711 to Rs 29,493 per ten grams in futures trade Friday as market participants offloaded their positions in tandem with a weakening trend overseas.

Rupee's appreciation against dollar also weighed on bullion prices.

At the Multi Commodity Exchange (MCX), gold for delivery in October declined by Rs 711 to close at Rs 29,493 per ten grams as against its previous close of Rs 30,204 .

Similarly, silver for delivery in December dropped by Rs 456 to Rs 48,197 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, fell as the US dollar recovered from two-month low and investors braced for the political stalemate in Washington to drag on for another week.

Spot gold last quoted at USD 1,310.53 an ounce, down 0.5 percent.

In New York, gold for December delivery declined by USD 7.7 or 0.6 percent to settle at USD 1,309.9 an ounce on the Comex division of the NYMEX. The market notched a loss of over 2 percent on the week.

Meanwhile, gold prices fell by Rs 290 to Rs 30,310 per ten grams in Delhi bullion market owing to slackened demand amid strengthening of the rupee against the US dollar.

Silver also tumbled by Rs 1,030 to Rs 48,220 per kg in continuation of a loss of Rs 430 in last three sessions on reduced offtake by industrial units.

Mumbai

Standard gold of 99.5 percent purity rose by Rs 220 to close at Rs 29,765 per 10 gm from Thursday's closing level of Rs 29,545.

Pure gold of 99.9 percent purity also surged by a similar margin to finish at Rs 29,910 per 10 gm from Rs 29,690.

However, silver ready (.999 fineness) declined by Rs 75 to conclude at Rs 49,190 per kg as compared to Rs 49,265 previously.

Delhi

Gold of 99.9 and 99.5 percent purity plunged by Rs 290 each to Rs 30,310 and Rs 30,110 per ten grams, respectively. It had gained Rs 220 yesterday.

Sovereign followed suit and declined by Rs 100 to Rs 25,000 per piece of eight gram.

In line with a general weak trend, silver ready tumbled by Rs 1,030 to Rs 48,220 per kg and weekly-based delivery by Rs 560 to Rs 48,440 per kg.

However, silver coins continued to be asked at last level of 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 declined by Rs 711 to close at Rs 29,493 per ten grams as against its previous close of Rs 30,204 .

Similarly, silver for delivery in December dropped by Rs 456 to Rs 48,197 per Kg.

International markets

Spot gold last quoted at USD 1,310.53 an ounce, down 0.5 percent.

In New York, gold for December delivery declined by USD 7.7 or 0.6 percent to settle at USD 1,309.9 an ounce on the Comex division of the NYMEX. The market notched a loss of over 2 percent on the week.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 4.2 tonnes to 901.79 tonnes on Wednesday - the biggest fall in nearly three weeks.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 29,910 (+220) / SILVER: Rs 49,190 (-75)

Delhi

GOLD: Rs 30,310 (-290) / SILVER: Rs 48,220 (-1,030)

Chennai

GOLD: Rs 29,585/ SILVER: Rs 48,020

Kolkata

GOLD: Rs 30,245 / SILVER: Rs 48,100

Bangalore

GOLD: Rs 30,049/ SILVER: Rs 48,800

Hyderabad

GOLD: Rs 30,100 / SILVER: Rs 50,500





First Published: Friday, October 4, 2013, 12:36


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

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