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

Last Updated: Wednesday, February 12, 2014, 00:33
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices ended the week at Rs 28,754 per ten grams in futures trade as market participants enlarged their positions in tandem with a firming trend overseas.

Read more on Gold 2014 Outlook

At the Multi Commodity Exchange (MCX), gold for delivery in April climbed by Rs 104 to settle at Rs 28754 per ten grams.

However, silver for delivery in March slipped by Rs 44 to Rs 44,369 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, moved northwards over 1 percent Friday on weak US jobs report.

Spot gold last quoted up USD 9.30 or 0.74 percent at USD 1,268.10 after rising as much as 1.2 percent to USD 1,271.70 an ounce.

In New York, gold for April delivery gained by USD 5.70 to settle at USD 1,262.90 an ounce on the Comex division of the NYMEX.

The yellow metal has climbed nearly 2 percent for the week.

Read more on Commodity Market 2014 Outlook

Meanwhile, gold prices tumbled by Rs 340 to Rs 30,200 per ten grams at Delhi bullion market Saturday on emergence of profit-selling by stockists at existing higher levels.

Silver also fell by Rs 180 to Rs 44,620 per kg on lack of buying support from industrial units and coin makers.

Delhi

Gold of 99.9 and 99.5 percent purity dropped by Rs 340 each to Rs 30,200 and Rs 30,000 per ten grams, respectively. It shed Rs 80 in last two trading sessions. Sovereign declined by Rs 50 at Rs 25,250 per piece of eight grams.

In line with a general weak trend, silver ready moved down by Rs 180 to Rs 44,620 per kg and weekly-based delivery by Rs 30 to Rs 44,370 per kg. The white metal had lost Rs 300 yesterday.

Silver coins plunged by Rs 1,000 to Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces.

International markets

Spot gold last quoted up USD 9.30 or 0.74 percent at USD 1,268.10 after rising as much as 1.2 percent to USD 1,271.70 an ounce.

In New York, gold for April delivery gained by USD 5.70 to settle at USD 1,262.90 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 30,275 / SILVER: Rs 45,400

Delhi

GOLD: Rs 30,200 (-340) / SILVER: Rs 44,620 (-180)

Chennai

GOLD: Rs 30,150/ SILVER: Rs 44,975

Kolkata

GOLD: Rs 30,000/ SILVER: Rs 44,400

Bangalore

GOLD: Rs 30,375/ SILVER: Rs 45,000

Hyderabad

GOLD: Rs 30,300 / SILVER: Rs 46,000





First Published: Saturday, February 8, 2014, 16:51


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