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

Last Updated: Friday, October 25, 2013, 15:41
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices extended their yesterday's gains by Rs 59 to Rs 30,180 per ten grams in futures trade Wednesday as some of the market participants created fresh positions even a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 59 to Rs 30,180 per ten grams.

Similarly, silver for delivery in December edged up by Rs 14 to Rs 49,898 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, retreated from four-week high as a slight recovery in the dollar prompted some investors to cash in gains, with a rally sparked by weaker-than-expected US non-farm payrolls data running out of steam.

The yellow metal rose nearly 2 percent on Tuesday while the dollar index hit eight-month lows and stock markets rallied, after weak US jobs data cemented expectations for the Federal Reserve to keep its stimulus measures in place until next year.

Spot gold last traded down 0.33 percent or USD 4.40 at USD 1,337.80 an ounce.

In New York, gold for December delivery moved lower by USD 8 or 0.57 percent to USD 1,335 an ounce on the Comex division of the NYMEX.

Meanwhile, gold prices surged by Rs 305 to Rs 31,930 per ten gram in Delhi bullion market on brisk buying by stockists and jewellers to meet the rising seasonal demand amid strong global trend.

Silver too zoomed by Rs 1,190 to Rs 50,200 per kg on increased offtake by industrial units and coin makers for coming festivals led by Diwali and ongoing marriage season.

Mumbai

Standard gold of 99.5 percent purity shot up by a whopping Rs 410 to finish at Rs 31,740 per 10 grams from Tuesday's closing level of Rs 31,330.

Pure gold of 99.9 percent purity jumped by Rs 420 to end at Rs 31,890 per 10 grams as comapred to Rs 31,470.

Silver ready (.999 fineness) galloped by Rs 910 to conclude at Rs 50,540 per kg from overnight closing level of Rs 49,630.

Delhi

Gold of 99.9 and 99.5 percent purity surged by Rs 305 each to Rs 31,930 and Rs 31,730 per ten gram, respectively, while sovereign held steady at Rs 25,300 per piece of eight gram.

In a similar fashion, silver ready surged by Rs 1,190 to Rs 50,200 per kg and weekly-based delivery by Rs 700 to Rs 50,000 per kg. However, silver coins held steady at 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 gained by Rs 59 to Rs 30,180 per ten grams.

Similarly, silver for delivery in December edged up by Rs 14 to Rs 49,898 per Kg.

International markets

Spot gold last traded down 0.33 percent or USD 4.40 at USD 1,337.80 an ounce.

In New York, gold for December delivery moved lower by USD 8 or 0.57 percent to USD 1,335 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: 31,890 (+420) / SILVER: Rs 50,540 (+910)

Delhi

GOLD: Rs 31,930 (+305) / SILVER: Rs 50,200 (+1,190)

Chennai

GOLD: Rs 31,860/ SILVER: Rs 49,625

Kolkata

GOLD: Rs 32,020 / SILVER: Rs 49,800

Bangalore

GOLD: Rs 31,940/ SILVER: Rs 50,300

Hyderabad

GOLD: Rs 31,500/ SILVER: Rs 50,000




First Published: Wednesday, October 23, 2013, 16:29


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