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

Last Updated: Wednesday, January 08, 2014, 02:51
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

After making an intra-day high of Rs, 29,276 per ten grams, gold prices settled lower by Rs 185 to Rs 28,974 per ten grams in futures trade Monday.

Read more on Gold 2014 Outlook

At the Multi Commodity Exchange (MCX), gold for delivery in February dropped by Rs 185 to settle at Rs 28,974 per ten grams after moving in range of Rs 28,890 - Rs 29276.

Similarly, silver for delivery in March declined by Rs 105 to Rs 45,370 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, settled marginally lower.

Spot gold last traded down 0.02 percent at USD 1,238.80 an ounce after making a low and high of USD 1,232.80 and USD 1,249.50 respectively in intra-day trade.

In New York, gold for February delivery edged lower by 0.1 percent to settle at USD 1,238 an ounce on the Comex division of the NYMEX.

Read more on Commodity Market 2014 Outlook

Meanwhile, gold prices ruled steady at Rs 30,360 per ten grams at Delhi bullion market on restricted buying at prevailing higher levels.

However, silver extended its weakness for the second straight day and lost Rs 90 to Rs 45,230 per kg on reduced offtake by industrial units and coin makers.

In Mumbai, gold of 99.9 and 99.5 percent purity were traded at Rs 30,000 and Rs 29,850 per ten grams, respectively, while silver enquired at Rs 45,500 per kg.

Delhi

Gold of 99.9 and 99.5 percent purity held steady at Rs 30,360 and Rs 30,160 per ten grams, respectively.

In a likewise manner, Sovereign held unchanged at Rs 25,100 per piece of eight gram.

On the other hand, silver ready declined by Rs 90 to Rs 45,230 per kg. Silver weekly-based delivery too fell by the same margin to Rs 45,380 per kg. The white metal had lost Rs 180 in Saturday's trade.

Silver coins were unaltered at Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

International markets

Spot gold last traded down 0.02 percent at USD 1,238.80 an ounce after making a low and high of USD 1,232.80 and USD 1,249.50 respectively in intra-day trade.

In New York, gold for February delivery edged lower by 0.1 percent to settle at USD 1,238 an ounce on the Comex division of the NYMEX.


Here are the city wise gold and silver rates:

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

Mumbai

GOLD: Rs 30,000 / SILVER: Rs 45,500

Delhi

GOLD: Rs 30,360 (Unchanged)/ SILVER: Rs 45,230 (-90)

Chennai

GOLD: Rs 29,710/ SILVER: Rs 44,870

Kolkata

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

Bangalore

GOLD: Rs 30,162/ SILVER: Rs 45,300

Hyderabad

GOLD: Rs 30,100 / SILVER: Rs 45,000



First Published: Tuesday, January 07, 2014, 04:11


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