Gold price today: Latest updates
Quotes

Gold price today: Latest updates

Last Updated: Friday, October 18, 2013, 13:13
 
 Comment 0
 
Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices regained Rs 29,500 level by zooming Rs 631 to Rs 29,579 per ten grams in futures trade Thursday as market participants created fresh positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December rose by Rs 631 to Rs 29,579 per ten grams.

Similarly, silver for delivery in December rallied by Rs 733 to Rs 48,105 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, gained more than 3 percent today as the dollar stumbled, with bullion boosted by belief that a temporary deal to avoid a historic US debt default might prompt the Federal Reserve to delay reducing its additional monetary stimulus.

Spot gold rallied to a high of USD 1,322.56 per ounce early in the US session, up more than 3 percent on the day. December COMEX gold futures hit a high of USD 1,322.90.

Meanwhile, the yellow metal surged by Rs 420 to Rs 31,620 per ten gram at Delhi bullion market in continuation of a jump of Rs 650 yesterday, while silver shot up by Rs 1,145 to Rs 48,425 per kg, after gaining Rs 230 in the previous session.

Mumbai

Standard gold of 99.5 percent purity shot up by Rs 365 to end at Rs 30,970 per 10 gram from Wednesday's closing level of Rs 30,605.

Pure gold of 99.9 percent purity zoomed a similar margin to finish at Rs 31,120 per 10 gram from Rs 30,755 yesterday.

Silver ready (.999 fineness) strengthened by Rs 670 to conclude at Rs 49,000 per kg from Rs 48,330 previously.

Delhi

Gold of 99.9 and 99.5 percent purity surged further by Rs 420 each to 31,620 and Rs 31,420 per ten gram, respectively. Sovereign followed suit and gained Rs 100 to Rs 25,200 per piece of eight gram.

In line with a general firm trend, silver ready climbed up by Rs 1,145 to Rs 48,425 per kg and weekly-based delivery by Rs 175 to Rs 48,125 per kg.

Silver coins also flared up by Rs 1,000 to Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December rose by Rs 631 to Rs 29,579 per ten grams.

Similarly, silver for delivery in December rallied by Rs 733 to Rs 48,105 per Kg.

International markets

Spot gold rallied to a high of USD 1,322.56 per ounce early in the US session, up more than 3 percent on the day. December COMEX gold futures hit a high of USD 1,322.90.

Gold ETF

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 3.6 tonnes to 885.53 tonnes on Wednesday - hitting fresh four-year low.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,120 (+365) / SILVER: Rs 49,000 (+670)

Delhi

GOLD: Rs 31,620 (+420) / SILVER: Rs 48,425 (+1,145)

Chennai

GOLD: Rs 31,010/ SILVER: Rs 48,240

Kolkata

GOLD: Rs 31,350 / SILVER: Rs 48,100

Bangalore

GOLD: Rs 31,340/ SILVER: Rs 48,600

Hyderabad

GOLD: Rs 31,200 / SILVER: Rs 51,200



First Published: Thursday, October 17, 2013, 13:26


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

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