Zee Media Bureau/Ajeet Kumar
Gold prices quoted lower by Rs 80 to Rs 29,161 per ten grams in futures trade Wednesday as the market participants offloaded their positions, even a range-bound trend overseas. Read more on Gold 2014 Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in April declined by Rs 80 to Rs 29,161 per ten grams after moving in range of Rs 29,121 - Rs 29,278.
Similarly, silver for delivery in March dropped by Rs 132 to Rs 44,348 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, remained range-bound today.
Spot gold last traded down USD 0.30 or 0.02 percent at USD 1,241.30 an ounce after making a high and low of USD 1,244.60 and USD 1,237.50 respectively in intra-day trade.Read more on Commodity Market 2014 Outlook
Meanwhile, gold prices recovered by Rs 20 to Rs 30,200 per ten grams at Delhi bullion market on buying by retailers.
However, silver fell further by Rs 400 to Rs 44,500 per kg on reduced offtake by industrial units.
In Mumbai, gold of 99.9 and 99.5 percent purity fell by Rs 80 each to Rs 30,030 and Rs 29,880 per ten grams, respectively, while silver lost Rs 400 to Rs 45,250 per kg.Delhi
Gold of 99.9 and 99.5 percent purity recovered by Rs 20 each to Rs 30,200 and Rs 30,000 per ten grams, respectively. It had lost Rs 20 yesterday.
Sovereign remained steady at Rs 25,100 per piece of eight grams in limited deals.
Silver ready dropped further by Rs 400 to Rs 44,500 per kg and weekly-based delivery by Rs 450 to Rs 44,370 per kg. The white metal had lost Rs 350 in last trade.
Silver coins, however, continued to be asked around previous level of Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces.International markets
Spot gold last traded down USD 0.30 or 0.02 percent at USD 1,241.30 an ounce after making a high and low of USD 1,244.60 and USD 1,237.50 respectively in intra-day trade.Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 30,030 (-80) / SILVER: Rs 45,250 (-400)Delhi
GOLD: Rs 30,200 (+20)/ SILVER: Rs 44,500 (-400)Chennai
GOLD: Rs 29,930/ SILVER: Rs 44,135Kolkata
GOLD: Rs 29,700/ SILVER: Rs 44,200Bangalore
GOLD: Rs 30,109/ SILVER: Rs 45,000Hyderabad
GOLD: Rs 30,200 / SILVER: Rs 45,300
First Published: Wednesday, January 22, 2014, 21:36