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

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

Zee Media Bureau/Ajeet Kumar

Gold prices managed to end the week above Rs 30,000 per ten grams in futures trade Friday.

Read more on Gold 2014 Outlook

At the Multi Commodity Exchange (MCX), gold for delivery in April inched up by Rs 1 to settle at Rs 30,090 per ten grams.

However, silver for delivery in March declined by Rs 143 to Rs 46,362 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, slipped on Friday but logged its biggest monthly gain as disappointing US and Chinese data boosted demand for the precious metals as a haven.

The yellow metal climbed nearly 7 percent in February, its biggest monthly rise in seven, mostly due to signs of economic weakness in China and the United States as well as political and economic turmoil in Ukraine.

Spot gold last quoted down 0.5 percent at USD 1,324.26 per ounce after making a high of USD 1,345.35 per ounce on Wednesday.

In New York, gold for April delivery declined by USD 10.20 to settle at USD 1,321.60 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 down 0.5 percent at USD 1,324.26 per ounce after making a high of USD 1,345.35 per ounce on Wednesday.

In New York, gold for April delivery declined by USD 10.20 to settle at USD 1,321.60 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 30,700 (-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: Saturday, March 01, 2014, 14:24


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