Zee Media Bureau/Ajeet Kumar
Gold prices quoted lower by Rs 82 to Rs 30,075 per ten grams in futures trade Tuesday as market participants 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 82 to Rs 30,075 per ten grams after moving in range of Rs 29,974 - Rs 30,150.
Similarly, silver for delivery in March moved lower by Rs 321 to Rs 47,414 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, dropped by nearly one percent today after a three-day rally.
Spot gold last quoted down USD 6.20 or 0.47 percent at USD 1,324 per ounce after making a low of USD 1,312.10 per ounce in intra-day trade.Read more on Commodity Market 2014 Outlook
Meanwhile, gold prices fell by Rs 100 to Rs 31,350 per 10 grams and silver by 455 to Rs 47,445 per kg at Delhi bullion market.Delhi
Gold of 99.9 and 99.5 percent purity declined by Rs 100 each to Rs 31,350 and Rs 31,150 per 10 grams respectivelys. It had gained Rs 700 in last four days.
Sovereigns lost Rs 100 at Rs 25,500 per piece of eight grams.
In a similar fashion, silver ready dropped by Rs 455 to Rs 47,445 per kg and weekly-based delivery by Rs 905 to Rs 47,295 per kg. The white metal had recorded a hefty rise of Rs 2,960 in the previous four sessions.
On the other hand, silver coins held steady at Rs 89,000 for buying and Rs 90,000 for selling of 100 pieces.International markets
Spot gold last quoted down USD 6.20 or 0.47 percent at USD 1,324 per ounce after making a low of USD 1,312.10 per ounce 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 30,850 (-60) / SILVER: Rs 47,860Delhi
GOLD: Rs 30,985 (+5) / SILVER: Rs 47,000 (+1,000)Chennai
GOLD: Rs 30,850/ SILVER: Rs 48,385Kolkata
GOLD: Rs 30,905/ SILVER: Rs 47,300Bangalore
GOLD: Rs 31,215/ SILVER: Rs 48,100Hyderabad
GOLD: Rs 30,900 / SILVER: Rs 47,500
First Published: Tuesday, February 18, 2014, 20:47