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

Last Updated: Wednesday, October 30, 2013, 12:34
 
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Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Recovering from their early slide, gold prices edged higher by Rs 32 to Rs 30,594 per ten grams in futures trade Friday as some of the market participants enlarged their positions, in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 32 to Rs 30,594 per ten grams.

Silver for delivery in December declined by Rs 577 to Rs 49,530 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, set for a second week of gains on the view that sluggish US data would persuade the Federal Reserve to keep its stimulus intact until well into 2014.

Spot gold last traded up USD 0.90 or 0.07 percent at USD 1,349.20 an ounce, was not too far from its highest since Sept. 20 at USD 1,351.61 hit on Thursday, when it benefited from weaker-than-expected US jobless claims data.

It was headed for a 2 percent gain on the week.

Meanwhile, snapping two-day gains, gold prices fell by Rs 10 to Rs 32,400 per ten gram in Delhi bullion market on reduced offtake at existing higher levels amid a weak global trend.

Silver also dropped by Rs 750 to Rs 49,450 per kg on lack of buying support from industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity hardened by Rs 55 to finish at Rs 31,840 per 10 grams from Thursday's closing level of Rs 31,785.

Pure gold of 99.9 percent purity also added a similar margin to settle at Rs 31,990 per 10 grams as compared to Rs 31,935.

Silver ready (.999 fineness), however, dropped by Rs 450 to conclude at Rs 50,180 per kg from overnight closing level of Rs 50,630.

Delhi

Gold of 99.9 and 99.5 percent purity slipped by Rs 10 each to Rs 32,400 and Rs 32,200 per ten gram, respectively. It had gained Rs 785 in last two days. Sovereign held steady at Rs 25,300 per piece of eight gram.

Similarly, silver ready dropped by Rs 750 to Rs 49,450 per kg and weekly-based delivery by Rs 350 to Rs 49,650 per kg. The white metal had surged by Rs 1,190 on Wednesday.

On the other hand, silver coins continued to be asked at last level of Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 32 to Rs 30,594 per ten grams.

Silver for delivery in December declined by Rs 577 to Rs 49,530 per Kg.

International markets

Spot gold last traded up USD 0.90 or 0.07 percent at USD 1,349.20 an ounce.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,990 (+55) / SILVER: Rs 50,180 (-450)

Delhi

GOLD: Rs 32,400 (-10) / SILVER: Rs 49,450 (-750)

Chennai

GOLD: Rs 30,890/ SILVER: Rs 49,760

Kolkata

GOLD: Rs 32,410 / SILVER: Rs 49,500

Bangalore

GOLD: Rs 32,124/ SILVER: Rs 49,800

Hyderabad

GOLD: Rs----/ SILVER: Rs ----



First Published: Friday, October 25, 2013, 16:23


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