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

Last Updated: Friday, December 06, 2013, 16:26
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices extended their early downturn in post evening session of trade and quoted down by Rs 500 per ten grams in futures trade Thursday as speculators offloaded more positions in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December tumbled by Rs 500 to Rs 30,450 per ten grams after moving in range of Rs 30,412- Rs 30,957.

Similarly, silver for delivery in December nosedived by Rs 1,081 to Rs 42,750 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, fell by 1.5 percent today following a short-covering rally in the previous session, weighed down by concerns the US Federal Reserve could soon begin tapering its monetary stimulus on strong economic data.

Spot gold last traded down USD 18.70 or 1.50 percent at USD 1,225.60 an ounce after gaining nearly 2 percent in the previous session.

Meanwhile, snapping two days of losses, gold prices rose by Rs 450 to Rs 31,250 per ten gram at Delhi bullion market on emergence of buying by stockists at existing lower levels for the ong

Silver, however, fell for the third straight session by losing Rs 200 to Rs 43,800 per kg on lack of buying support from coin makers and industrial units.

Mumbai

Standard gold (99.5 purity) rose by Rs 75 to close at Rs 30,825 per 10 grams from Wednesday's closing level of Rs 30,750.

Pure gold (99.9 purity) also advanced by a similar margin to finish at Rs 30,975 per 10 grams from Rs 30,900.

Silver ready (.999 fineness) climbed by Rs 600 to end at Rs 44,850 per kg as against Rs 44,250 previously.

Delhi

Gold of 99.9 and 99.5 percent purity bounced back by Rs 450 each to Rs 31,250 and Rs 31,050 per ten gram, respectively, after losing Rs 725 in last two sessions. Sovereign also rose by Rs 100 to Rs 25,200 per piece of eight gram.

On the other hand, silver fell further by Rs 200 to Rs 43,800 per kg while weekly-based delivery spurted by Rs 1,370 to Rs 44,300 per kg on speculative buying. The metal had lost Rs 1,075 in last two days.

Silver coins dropped by Rs 1,000 to Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December tumbled by Rs 500 to Rs 30,450 per ten grams after moving in range of Rs 30,412- Rs 30,957.

Similarly, silver for delivery in December nosedived by Rs 1,081 to Rs 42,750 per Kg.

International markets

Spot gold last traded down USD 18.70 or 1.50 percent at USD 1,225.60 an ounce after gaining nearly 2 percent in the previous session.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 2.70 tonnes to 838.71 tonnes on Wednesday - 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: 30,975 (+75) / SILVER: Rs 44,850 (+600)

Delhi

GOLD: Rs 31,250 (+450) / SILVER: Rs 43,800 (-200)

Chennai

GOLD: Rs 30,115/ SILVER: Rs 43,445

Kolkata

GOLD: Rs 30,975 / SILVER: Rs 43,600

Bangalore

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

Hyderabad

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



First Published: Thursday, December 05, 2013, 13:19


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