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

Last Updated: Thursday, October 10, 2013, 14:34
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices extended their downturn in post evening session of trade and tanked by Rs 542 to Rs 29,077 per ten grams in futures trade Wednesday as market participants offloaded their positions in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December declined by Rs 542 to Rs 29,077 per ten grams.

Similarly, silver for delivery in December fell by Rs 1,227 to Rs 48,725 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, dropped by nearly 1.5 percent as news that Janet Yellen will be nominated to head the Federal Reserve boosted the dollar, and as concerns over the US budget deadlock failed to spur buying interest.

Spot gold last traded down 1.48 percent or USD 19.50 at USD 1,300.40 an ounce.

Meanwhile, gold and silver prices dropped in Delhi bullion market on emergence of profit booking by stockists at existing higher levels and reduced offtake by investors amid a weakening global trend.

Gold plunged by Rs 120 to Rs 30,810 per ten gram, while silver lost Rs 280 to Rs 49,670 per kg on falling demand among industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity dropped by Rs 200 to close at Rs 30,310 per 10 gram from Tuesday's closing level of Rs 30,510.

Pure gold of 99.9 percent purity slipped by a similar margin to end at Rs 30,455 per 10 gram from Rs 30,655 previously.

Silver ready (.999 fineness) dipped by Rs 535 to conclude at Rs 50,060 per kg from Rs 50,595 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity dropped by Rs 120 each to Rs 30,810 and Rs 30,610 per ten gram, respectively. The metal had gained Rs 620 in last three sessions. Sovereign held steady at Rs 25,100 per piece of eight gram.

Silver ready lost Rs 280 to Rs 49,670 per kg and weekly-based delivery by Rs 100 to Rs 49,550 per kg. The white metal shot up by Rs 1,730 in last three days.

Silver coins plunged by Rs 2,000 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 December declined by Rs 542 to Rs 29,077 per ten grams.

Similarly, silver for delivery in December fell by Rs 1,227 to Rs 48,725 per Kg.

International markets

Spot gold last traded down 1.48 percent or USD 19.50 at USD 1,300.40 an ounce.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,455 (-200) / SILVER: Rs 50,060 (-535)

Delhi

GOLD: Rs 30,810 (-120) / SILVER: Rs 49,670 (-280)

Chennai

GOLD: Rs 29,950/ SILVER: Rs 49,090

Kolkata

GOLD: Rs 30,465 / SILVER: Rs 49,300

Bangalore

GOLD: Rs 30,444/ SILVER: Rs 49,400

Hyderabad

GOLD: Rs 30,300 / SILVER: Rs 50,200



First Published: Wednesday, October 09, 2013, 15:32


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