Zee Media Bureau/Ajeet Kumar
Gold prices fell further by Rs 152 to Rs 30,072 per ten grams in futures trade Wednesday 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 152 to Rs 30,072 per ten grams after moving in range of Rs 29,752 - Rs 30,150.
Similarly, silver for delivery in March moved lower by Rs 222 to Rs 47,801 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, continued its decline today.
Spot gold last quoted down USD 1.10 or 0.08 percent at USD 1,322.20 per ounce after making a low of USD 1,313.60 per ounce in intra-day trade.Read more on Commodity Market 2014 Outlook
Meanwhile, gold dropped by Rs 125 to Rs 31,225 per ten grams at Delhi bullion market on sustained selling by stockists in line with a weakening global trend.
However, silver recovered by Rs 375 to Rs 47,820 per kg on increased demand from jewellers and industrial units.Delhi
Gold of 99.9 and 99.5 percent purity fell by Rs 125 each to Rs 31,225 and Rs 31,025 per ten grams, respectively. It had lost Rs 100 yesterday. Sovereign remained steady at Rs 25,500 per piece of eight grams.
On the other hand, silver ready recovered by Rs 375 to Rs 47,820 per kg and weekly-based delivery by Rs 325 to Rs 47,620 per kg. The white metal had lost Rs 455 in the previous session.
Meanwhile, silver coins met with resistance at higher levels and plunged by Rs 1,000 to Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.International markets
Spot gold last quoted down USD 1.10 or 0.08 percent at USD 1,322.20 per ounce after making a low of USD 1,313.60 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 30,860 / SILVER: Rs 48,446Delhi
GOLD: Rs 31,225 (-125) / SILVER: Rs 47,820 (+375)Chennai
GOLD: Rs 30,780/ SILVER: Rs 48,755Kolkata
GOLD: Rs 30,805/ SILVER: Rs 47,600Bangalore
GOLD: Rs 31,241/ SILVER: Rs 48,400Hyderabad
GOLD: Rs 30,900 / SILVER: Rs 47,500
First Published: Wednesday, February 19, 2014, 19:48