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

Last Updated: Monday, January 13, 2014, 17:14
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Recovering from their intra-day low of Rs 28,712, gold prices settled higher by Rs 103 to Rs 28,899 per ten grams Thursday as market participants enlarged their positions in tandem with a firmimg trend overseas.

Read more on Gold 2014 Outlook

At the Multi Commodity Exchange (MCX), gold for delivery in February gained by Rs 103 to settle at Rs 28,899 per ten grams after moving in range of Rs 28,712 - Rs 28,912.

Similarly, silver for delivery in March rose by Rs 351 to Rs 44,220 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, recovered from its 2-day losses.

Spot gold last traded up USD 0.80 or 0.07 percent at USD 1,229.50 an ounce after making a low and high of USD 1,223.20 and USD 1,232.60 respectively in intra-day trade.

In New York, gold for February delivery climbed by USD 3.90 or 0.3 percent to settle at USD 1,229.40 an ounce on the Comex division of the NYMEX.

Read more on Commodity Market 2014 Outlook

Meanwhile, gold prices recovered by Rs 80 to Rs 30,080 per ten grams at Delhi bullion market after fresh buying by stockists and retailers for the ensuing marriage season.

Silver prices, however, fell further by Rs 300 to Rs 44,000 per kg on lack of buying support from industrial units and coin makers.

Delhi

Gold of 99.9 and 99.5 percent purity recovered by Rs 80 each to Rs 30,080 and Rs 29,880 per ten grams, respectively; while sovereign held steady at Rs 25,000 per piece of eight gram.

On the other hand, silver ready fell by Rs 300 to Rs 44,000 per kg and weekly-based delivery traded lower by the same margin to Rs 44,000 per kg. The white metal had lost Rs 1,050 yesterday.

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

International markets

Spot gold last traded up USD 0.80 or 0.07 percent at USD 1,229.50 an ounce after making a low and high of USD 1,223.20 and USD 1,232.60 respectively in intra-day trade.

In New York, gold for February delivery climbed by USD 3.90 or 0.3 percent to settle at USD 1,229.40 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world`s largest gold-backed exchange-traded fund, said its holdings fell 1.50 tonnes to 793.12 tonnes on Wednesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: Rs 29,850 / SILVER: Rs 45,000

Delhi

GOLD: Rs 30,080 (+80)/ SILVER: Rs 44,000 (-300)

Chennai

GOLD: Rs 29,630/ SILVER: Rs 43,770

Kolkata

GOLD: Rs 29,595/ SILVER: Rs 43,700

Bangalore

GOLD: Rs 29,972/ SILVER: Rs 44,300

Hyderabad

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



First Published: Friday, January 10, 2014, 05:38


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