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

Last Updated: Saturday, November 23, 2013, 12:18
 
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Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Gold prices fell by over Rs 100 per ten grams in futures trade Friday as some of the market participants offloaded their positions, even a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December dropped by Rs 116 to Rs 30,158 per ten grams.

Similarly, silver for delivery in December moved lower by Rs 150 to Rs 44,987 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, edged higher today as the dollar weakened, but stayed on track for its sharpest weekly drop in more than two months as strong US economic data raised uncertainty over the timing of the Federal Reserve's stimulus slowdown.

Spot gold last traded up 0.5 percent at USD 1,248.16 an ounce, after hitting a fresh four and a half month low of USD 1,236.29 in the previous session.

US gold futures for December delivery rose 0.4 percent to USD 1,248.10 an ounce.

Meanwhile, gold jumped Rs 300 to Rs 31,600 per ten grams in the national capital Friday on wedding season buying at existing lower levels.

Silver also gained Rs 270 to Rs 45,870 per kg on increased offtake.

Mumbai

Standard gold (99.5 purity) moved down by Rs 20 to settle at Rs 30,810 per 10 grams from Thursday's closing level of Rs 30,830.

Pure gold (99.9 purity) also fell by a similar margin to end at Rs 30,960 per 10 grams from Rs 30,980.

Silver ready (.999 fineness) shed Rs 255 to finish at Rs 46,280 per kg as against Rs 46,535 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity rebounded by Rs 300 each to Rs 31,600 and Rs 31,400 per ten grams, respectively. It had lost Rs 520 yesterday.

Sovereign followed suit and rose by Rs 100 to Rs 25,300 per piece of eight gram.

Similarly, silver ready recovered by Rs 270 to Rs 45,870 per kg and weekly-based delivery by Rs 420 to Rs 45,120 per kg. The white metal had lost Rs 850 in last trade.

However, silver coins held steady at Rs 84,000 for buying and Rs 85,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December dropped by Rs 116 to Rs 30,158 per ten grams.

Similarly, silver for delivery in December moved lower by Rs 150 to Rs 44,987 per Kg.f

International markets

Spot gold last traded up 0.5 percent at USD 1,248.16 an ounce, after hitting a fresh four and a half month low of USD 1,236.29 in the previous session.

US gold futures for December delivery rose 0.4 percent to USD 1,248.10 an ounce.

Gold ETF

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 3.6 tonnes to 856.71 tonnes on Thursday - their lowest since early 2009.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,960 (-20) / SILVER: Rs 46,280 (-255)

Delhi

GOLD: Rs 31,600 (+300) / SILVER: Rs 45,870 (+270)

Chennai

GOLD: Rs 30,640/ SILVER: Rs 45,325

Kolkata

GOLD: Rs 31,500 / SILVER: Rs 45,550

Bangalore

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

Hyderabad

GOLD: Rs 31,280/ SILVER: Rs 47,000



First Published: Friday, November 22, 2013, 13:02


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