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

Last Updated: Thursday, November 28, 2013, 14:13
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices pared most part of their early gains in post evening session of trade and quoted marginally higher by Rs 6 to Rs 30,177 per ten grams in futures trade Tuesday as market participants offloaded some of their positions, moving in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December inched up by Rs 6 to Rs 30,177 per ten grams after moving in range of Rs 30,150- Rs 30,444.

Similarly, silver for delivery in December increased by Rs 150 to Rs 44,650 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, retreated from a one-week high today and remained vulnerable to further losses on uncertainty over the US stimulus outlook and lacklustre physical demand.

Spot gold last traded down 0.5 percent at USD 1,246.61 an ounce after hitting USD 1,256.49 in early trade, its highest since Nov. 20.

US gold futures were up 0.4 percent to USD 1,246.20 an ounce.

On Monday, spot gold fell to a 4-1/2-month low near USD 1,225 an ounce before recovering to gain nearly 1 percent from short covering and options-related buying.

Meanwhile, snapping its two-day fall, gold prices soared by Rs 575 to Rs 31,625 per ten gram at Delhi bullion market on fresh buying by stockists at current lower levels for the ongoing marriage season amid a firming global trend.

Silver prices also shot up by Rs 790 to Rs 45,790 per kg on increased offtake by jewellery fabricators and industrial units.

Mumbai

Standard gold (99.5 purity) climbed by Rs 315 to finish at Rs 30,740 per 10 grams from Monday's closing level of Rs 30,425.

Pure gold (99.9 purity) also looked-up by a similar margin to conclude at Rs 30,890 per 10 grams from Rs 30,575.

Silver ready (.999 fineness) jumped by Rs 770 to end at Rs 46,375 per kg as compared to Rs 45,605.

Delhi

Gold of 99.9 and 99.5 percent purity jumped up by Rs 575 each to Rs 31,625 and Rs 31,425 per ten gram, respectively. It had lost 550 in the previous two sessions. Sovereign followed suit and rose by Rs 100 to Rs 25,300 per piece of eight gram.

In a similar fashion, silver ready spurted by Rs 790 to Rs 45,790 per kg and weekly-based delivery by Rs 900 to Rs 44,990 per kg. The white metal had lost Rs 870 in last two trade.

Silver coins flared up by Rs 1,000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces on upsurge in demand.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December inched up by Rs 6 to Rs 30,177 per ten grams after moving in range of Rs 30,150- Rs 30,444.

Similarly, silver for delivery in December increased by Rs 150 to Rs 44,650 per Kg.

International markets

Spot gold last traded down 0.5 percent at USD 1,246.61 an ounce after hitting USD 1,256.49 in early trade, its highest since Nov. 20.

US gold futures were up 0.4 percent to USD 1,246.20 an ounce.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and the best measure of investor sentiment, fell 3.30 tonnes to 848.91 tonnes on Monday. Outflows from the ETF, about 450 tonnes so far this year.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,890 (+315) / SILVER: Rs 45,375 (+770)

Delhi

GOLD: Rs 31,625 (+575) / SILVER: Rs 45,790 (+790)

Chennai

GOLD: Rs 30,540/ SILVER: Rs 45,335

Kolkata

GOLD: Rs 31,210 / SILVER: Rs 45,700

Bangalore

GOLD: Rs 31,348/ SILVER: Rs 45,900

Hyderabad

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



First Published: Tuesday, November 26, 2013, 13:17


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