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

Last Updated: Wednesday, October 23, 2013, 15:06
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices reclaimed Rs 30,000 level by surging Rs 264 to Rs 30,020 per ten grams in futures trade Tuesday as market participants enlarged their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December rose Rs 264 to Rs 30,020 per ten grams.

Similarly, silver for delivery in December gained by Rs 640 to Rs 49,816 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, hit a fresh three-week high, after weak US jobs figures raised expectations the Federal Reserve will keep its stimulus undiminished well into 2014.

Nonfarm payrolls rose by 148,000 in September, the Labor Department said, below the average forecast, increasing worries that the world's largest economy was losing momentum even before the government shutdown this month.

Spot gold last traded up 1.17 percent or USD 22.50 at USD 1,340.10 an ounce.

In New York, gold for December delivery moved higher by USD 20 or 1.54 percent to USD 1,336 an ounce on the Comex division of the NYMEX.

Meanwhile, snapping its two-day rally, gold prices fell by Rs 265 to Rs 31,625 per ten grams in Delhi bullion market due to slacked demand at prevailing higher levels, amid a weak global trend.

Silver also declined by Rs 340 to Rs 49,010 per kg on lack of buying support from industrial units.


Mumbai

Standard gold of 99.5 percent purity spurted by Rs 200 to conclude at Rs 31,330 per 10 grams from overnight closing level of Rs 31,130.

Pure gold of 99.9 percent purity spiked by Rs 190 to finish at Rs 31,470 per 10 grams as against Rs 31,280.

Silver ready (.999 fineness), however declined by Rs 120 to end at Rs 49,630 per kg from Monday's closing level of Rs 49,750.

Delhi

Gold of 99.9 and 99.5 percent purity fell by Rs 265 each to Rs 31,625 and Rs 31,425 per ten grams, respectively. It had gained Rs 390 in last two sessions.

However, sovereign found some local buying support and rose by Rs 100 to Rs 25,300 per piece of eight grams.

In line with a general weak trend, silver ready declined by Rs 340 to Rs 49,010 per kg while weekly-based delivery advanced by Rs 200 to Rs 49,300 per kg on speculators buying. The white metal had climbed Rs 850 yesterday.

Meanwhile, silver coins continued to be asked around previous level of Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December rose Rs 264 to Rs 30,020 per ten grams.

Similarly, silver for delivery in December gained by Rs 640 to Rs 49,816 per Kg.

International markets

Spot gold last traded up 1.17 percent or USD 22.50 at USD 1,340.10 an ounce.

In New York, gold for December delivery moved higher by USD 20 or 1.54 percent to USD 1,336 an ounce on the Comex division of the NYMEX.

Gold ETF

Holdings in SPDR Gold Trust fell 10.51 tonnes to 871.72 tonnes on Monday, their lowest since Feb. 2009. It was the biggest one-day fall in the fund's holdings since early July.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,470 (+190) / SILVER: Rs 49,630 (-120)

Delhi

GOLD: Rs 31,625 (-265) / SILVER: Rs 49,010 (-340)

Chennai

GOLD: Rs 31,535/ SILVER: Rs 48,860

Kolkata

GOLD: Rs 31,670 / SILVER: Rs 48,900

Bangalore

GOLD: Rs 31,687/ SILVER: Rs 49,300

Hyderabad

GOLD: Rs 31,400/ SILVER: Rs 49,200



First Published: Tuesday, October 22, 2013, 17:08


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