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

Last Updated: Thursday, October 31, 2013, 12:25
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices extended their early gains by Rs 184 to Rs 30,330 per ten grams in futures trade Wednesday as 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 184 to Rs 30,330 per ten grams.

Similarly, silver for delivery in December increased by Rs 735 to Rs 50,180 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, gained by over 1 percent today after weak US jobs data supported the view that the Federal Reserve would signal plans later in the day to keep its stimulus intact for months.

The Fed will make a statement later today at the end of its two-day meeting.

Spot gold rose as much as 1.1 percent to a session high of USD 1,358.06 an ounce after the US data release and last traded up 0.8 percent at USD 1,354.66.

Meanwhile, gold prices dropped Rs 220 to Rs 31,710 per ten gram in Delhi bullion market on sustained selling by stockists amid sluggish demand coupled with weakening global trend.

Silver, however, snapped two-day losing trend and gained Rs 510 to Rs 50,100 per kg on increased offtake by industrial units and coin makers.

Mumbai

Standard gold of 99.5 percent purity dropped by Rs 195 to end at Rs 31,100 per 10 grams from Tuesday's closing level of Rs 31,295.

Pure gold of 99.9 percent purity also dipped by Rs 190 to conclude at Rs 31,250 per 10 grams as compared to Rs 31,440.

However, silver ready (.999 fineness) rose by Rs 510 to finish at Rs 50,530 per kilo from Rs 50,020 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity plunged by Rs 220 each to Rs 31,710 and Rs 31,510 per ten gram, respectively. It had lost Rs 640 in last two days.

Sovereign, however, held steady at Rs 25,300 per piece of eight gram.

On the other hand, silver ready recovered by Rs 510 to Rs 50,100 per kg and weekly-based delivery by Rs 910 to Rs 49,800 per kg, after losing Rs 310 in the previous two sessions.

Silver coins spurted by Rs 1000 to Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces on upsurge in demand because silver coins normally used for pooja on Diwali festival.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 184 to Rs 30,330 per ten grams.

Similarly, silver for delivery in December increased by Rs 735 to Rs 50,180 per Kg.

International markets

Spot gold rose as much as 1.1 percent to a session high of USD 1,358.06 an ounce after the US data release and last traded up 0.8 percent at USD 1,354.66.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,250 (-190) / SILVER: Rs 50,530 (+510)

Delhi

GOLD: Rs 31,710 (-220) / SILVER: Rs 50,100 (+510)

Chennai

GOLD: Rs 30,790/ SILVER: Rs 50,210

Kolkata

GOLD: Rs 32,000 / SILVER: Rs 49,800

Bangalore

GOLD: Rs 31,738/ SILVER: Rs 50,400

Hyderabad

GOLD: Rs 31,000/ SILVER: Rs 50,600



First Published: Wednesday, October 30, 2013, 13:01


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