Zee Media Bureau/Ajeet Kumar
Gold prices moved lower by Rs 195 to Rs 29,650 per ten grams in futures trade Tuesday as speculators offloaded their positions in tandem with a weakening trend overseas.Read more on Gold 2014 Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in April declined by Rs 195 to Rs 29,650 per ten grams after moving in range of Rs 29,600 - Rs 29,834.
Similarly, silver for delivery in March dropped by Rs 366 to Rs 43,492 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, fell by over 0.5 percent after logging climbing 1.1 percent yesterday.
Spot gold last traded down USD 8.10 or 0.64 percent at USD 1,250 an ounce after moving in range of USD 1,246.80 - USD 1,262 per ounce. Read more on Commodity Market 2014 Outlook
Meanwhile, gold prices rose by Rs 300 to Rs 30,700 per ten gram at Delhi bullion market on sustained buying by stockists for the ongoing marriage season amid a firming global trend.
Silver prices also spurted by Rs 590 to Rs 44,200 per kg.Delhi
Gold of 99.9 and 99.5 percent purity shot up by Rs 300 each to Rs 30,700 and Rs 30,500 per ten gram, respectively. Sovereign held unchanged at Rs 25,200 per piece of eight gram.
Silver ready spurted by Rs 590 to Rs 44,200 per kg and weekly-based delivery by Rs 465 to Rs 43,800 per kg.
Silver coins also gained Rs 1,000 to Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces.International markets
Spot gold last traded down USD 8.10 or 0.64 percent at USD 1,250 an ounce after moving in range of USD 1,246.80 - USD 1,262 per ounce. Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 30,100 / SILVER: Rs 44,450Delhi
GOLD: Rs 30,700 (+300) / SILVER: Rs 44,200 (+590)Chennai
GOLD: Rs 30,000/ SILVER: Rs 43,685Kolkata
GOLD: Rs 29,915/ SILVER: Rs 43,400Bangalore
GOLD: Rs 30,307/ SILVER: Rs 44,200Hyderabad
GOLD: Rs 30,200 / SILVER: Rs 44,100
First Published: Tuesday, February 4, 2014, 20:09