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

Last Updated: Thursday, December 05, 2013, 13:17
 
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Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Gold prices edged higher by Rs 32 to Rs 30,400 in futures trade Wednesday 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 moved higher by Rs 32 to Rs 30,400 per ten grams after moving in range of Rs 30,220- Rs 30,470.

Similarly, silver for delivery in December rose by Rs 145 to Rs 42,988 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, moved up today after dropping to five-month low in the previous session, with investors waiting for more US economic data to gauge whether the Federal Reserve will begin cutting monetary stimulus from this month.

Spot gold last traded up USD 3.70 or 0.30 percent at USD 1,229 an ounce, after slipping to USD 1,215.60 on Tuesday - its lowest since early July.

Meanwhile, gold prices rebounded by Rs 265 to Rs 30,900 per ten grams at Mumbai bullion market on renewed offtake from investors and traders coupled with good local buying interest at the existing lower levels amid ongoing marriage season.

Mumbai

Standard gold (99.5 purity) shot up by Rs 260 to end at Rs 30,750 per 10 grams from Tuesday's closing level of Rs 30,490.

Pure gold (99.9 purity) climbed by Rs 265 to finish at Rs 30,900 per 10 grams from Rs 30,635.

Silver ready (.999 fineness) edged down by Rs 40 to close at Rs 44,250 per kg as compared Rs 44,290 yesterday.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December moved higher by Rs 32 to Rs 30,400 per ten grams after moving in range of Rs 30,220- Rs 30,470.

Similarly, silver for delivery in December rose by Rs 145 to Rs 42,988 per Kg.

International markets

Spot gold last traded up USD 3.70 or 0.30 percent at USD 1,229 an ounce, after slipping to USD 1,215.60 on Tuesday - its lowest since early July.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.80 tonnes to 841.41 tonnes on Tuesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,900 (+265) / SILVER: Rs 44,250 (-40)

Delhi

GOLD: Rs 30,800 / SILVER: Rs 44,000

Chennai

GOLD: Rs 30,000/ SILVER: Rs 42,980

Kolkata

GOLD: Rs 30,600 / SILVER: Rs 43,100

Bangalore

GOLD: Rs 30,912/ SILVER: Rs 43,600

Hyderabad

GOLD: Rs 30,700/ SILVER: Rs 44,600



First Published: Wednesday, December 04, 2013, 20:26


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