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

Last Updated: Thursday, December 26, 2013, 12:48
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices dipped below Rs 28,500 level by plunging Rs 473 to Rs 28,395 per ten grams in futures trade Thursday as market participants offloaded their positions in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in February declined by Rs 473 to Rs 28,395 per ten grams after moving in range of Rs 28,361- Rs 28,785 .

Similarly, silver for delivery in March nosedived by Rs 1,552 to Rs 43,796 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, fell below USD 1,200 level to under 6-month level today as the US Federal Reserve announced plans to cut its monthly bond purchases to USD 75 billion from USD 85 billion.

Spot gold last traded down USD 22 or 1.81 percent at USD 1,197.70 per ounce after hitting an intra-day low of USD 1,192.60 per ounce.

Meanwhile, gold prices slipped by Rs 65 to Rs 30,365 per ten grams at Delhi bullion market on stockists selling in tandem with a weak global trend, while Silver lost Rs 425 to Rs 44,225 per kg on reduced offtake.

In Mumbai, gold of 99.9 percent purity traded lower at Rs 29,950 per ten grams and silver lost Rs 200 to Rs 44,200 per kg on reduced offtake by coin makers.

Delhi

Gold of 99.9 and 99.5 percent purity fell by Rs 65 each to Rs 30,365 and Rs 30,165 per ten grams, respectively; while sovereign held steady at Rs 25,200 per piece of eight gram.

Silver ready remained under selling pressure and surrendered further Rs 425 to Rs 44,225 per kg and weekly-based delivery by Rs 420 to Rs 44,580 per kg.

The white metal had lost Rs 430 yesterday.

Silver coins maintained steady trend at Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in February declined by Rs 473 to Rs 28,395 per ten grams after moving in range of Rs 28,361- Rs 28,785 .

Similarly, silver for delivery in March nosedived by Rs 1,552 to Rs 43,796 per Kg.

International markets

Spot gold last traded down USD 22 or 1.81 percent at USD 1,197.70 per ounce after hitting an intra-day low of USD 1,192.60 per ounce.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 2.1 tonnes on Tuesday.
Here are the city wise gold and silver rates:

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

Mumbai

GOLD: Rs 29,950 / SILVER: Rs 44,200

Delhi

GOLD: Rs 30,365 (-65) / SILVER: Rs 44,225 (-425)

Chennai

GOLD: Rs 29,750/ SILVER: Rs 43,225

Kolkata

GOLD: Rs 29,950/ SILVER: Rs 44,500

Bangalore

GOLD: Rs 30,195/ SILVER: Rs 44,000

Hyderabad

GOLD: Rs 30,580/ SILVER: Rs 44,800






First Published: Thursday, December 19, 2013, 13:07


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