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

Last Updated: Thursday, December 12, 2013, 12:29
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices pared their early gains and moved lower by Rs 74 to Rs 29,461 per ten grams in futures trade Wednesday as speculators trimmed their positions, moving in tandem with a weakening trend overseas.

However, depreciation in rupee against US dollar capped downside.

At the Multi Commodity Exchange (MCX), gold for delivery in February turned down by Rs 74 to Rs 29,461 per ten grams.

However, silver for delivery in March gained further by Rs 131 to Rs 45,584 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, recouped most part of its early losses in second half of trade.

Spot gold last traded down USD 1.30 or 0.10 percent at USD 1,261.70 an ounce after moving in range of USD 1,253.20 - USD 1,264.70.

In New York, gold for February delivery edged lower by USD 1 or 0.09 percent to USD 1,260 an ounce on the Comex division of the NYMEX.

Meanwhile, gold zoomed by Rs 425 to Rs 31,150 per ten grams at Delhi bullion market on frantic buying by stockists and investors on strong global cues.

Silver also surged by Rs 700 to Rs 45,000 per kg on increased offtake by jewellers and industrial units.

Delhi

Gold of 99.9 and 99.5 percent purity surged by Rs 425 each to Rs 31,150 and Rs 30,950 per ten grams, respectively. Sovereign followed suit and rose by Rs 100 to Rs 25,300 per piece of eight grams.

In a similar fashion, silver ready spurted by Rs 700 to Rs 45,000 per kg and weekly-based delivery by Rs 970 to Rs 45,600 per kg. The white metal had gained Rs 830 yesterday.

Silver coins also skyrocketted by Rs 3,000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces on upsurge in marriage season demand.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in February turned down by Rs 74 to Rs 29,461 per ten grams.

However, silver for delivery in March gained further by Rs 131 to Rs 45,584 per Kg.

International markets

Spot gold last traded down USD 1.30 or 0.10 percent at USD 1,261.70 an ounce after moving in range of USD 1,253.20 - USD 1,264.70.

In New York, gold for February delivery edged lower by USD 1 or 0.09 percent to USD 1,260 an ounce on the Comex division of the NYMEX.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 3 tonnes to the lowest since early 2009 at 835.71 tonnes on Friday.

Here are the city wise gold and silver rates:

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

Mumbai

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

Delhi

GOLD: Rs 31,150 (+425) / SILVER: Rs 45,000 (+700)

Chennai

GOLD: Rs 29,960/ SILVER: Rs 44,800

Kolkata

GOLD: Rs 30,450/ SILVER: Rs 44,750

Bangalore

GOLD: Rs 30,752/ SILVER: Rs 45,200

Hyderabad

GOLD: Rs 30,760/ SILVER: Rs 44,700




First Published: Wednesday, December 11, 2013, 13:51


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