Gold price today: Latest updates
Quotes

Gold price today: Latest updates

Last Updated: Friday, March 07, 2014, 20:08
 
 Comment 0
 
Gold price today: Latest updates

Zee Media Bureau/Ajeet Kumar

Gold prices gained by Rs 124 to Rs 30,244 per ten grams in futures trade Tuesday 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 moved higher by Rs 124 to Rs 30,244 per ten grams after moving in range of Rs 30,035 - Rs 30,267.

However, silver for delivery in March declined by Rs 180 to Rs 47,805 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, extended its gains for the fourth straight session and hit its four-month high as disappointing US consumer confidence and a lackluster gain in home prices have boosted demand for the precious metals as a haven.

Spot gold last quoted up 0.3 percent at USD 1,340.26 per ounce after making a high of USD 1,343.40 per ounce in intra-day trade.

In New York, gold for April delivery climbed by USD 4.70 to settle at USD 1,342.70 an ounce on the Comex division of the NYMEX.

Read more on Commodity Market 2014 Outlook

Meanwhile, gold prices added Rs 15 to Rs 31,365 per ten gram at Delhi bullion market on sustained buying by stockists and retailers for the ongoing marriage season amid a firming global trend.

Silver also rose for the fourth day by gaining Rs 370 to Rs 48,250 per kg on increased offtake by jewellers and industrial units.

Delhi

Gold of 99.9 and 99.5 percent purity rose by Rs 15 each to Rs 31,365 and Rs 31,165 per ten gram respectively. It had gained Rs 200 in last two days. Sovereign shot up by Rs 100 to Rs 25,500 per piece of eight gram.

In a similar fashion, silver ready rose further by Rs 370 to Rs 48,250 per kg and weekly-based delivery by similar margin to Rs 47,850 per kg. The white metal had gained Rs 380 in the previous three sessions.

Silver coins, however, held steady at Rs 89,000 for buying and Rs 90,000 for selling of 100 pieces.

International markets

Spot gold last quoted up 0.3 percent at USD 1,340.26 per ounce after making a high of USD 1,343.40 per ounce in intra-day trade.

In New York, gold for April delivery climbed by USD 4.70 to settle at USD 1,342.70 an ounce on the Comex division of the NYMEX.

ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.26 percent to 803.70 tonnes on Tuesday from 801.61 tonnes on Monday.

Here are the city wise gold and silver rates:

(Gold rates per 10 gm/Silver rates per Kg)

Mumbai
GOLD: Rs 30,700 (-110) / SILVER: Rs 47,815 (1,055)

Delhi
GOLD: Rs 31,365 (+15) / SILVER: Rs 48,250 (+370)

Chennai
GOLD: Rs 30,770/ SILVER: Rs 48,745

Kolkata
GOLD: Rs 30,955/ SILVER: Rs 47,900

Bangalore
GOLD: Rs 31,310/ SILVER: Rs 48,800

Hyderabad
GOLD: Rs 31,000 / SILVER: Rs 49,000






First Published: Wednesday, February 26, 2014, 10:24


Comments


comments powered by Disqus
Honda Mobilio MPV
Honda Mobilio MPV
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved