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

Gold prices dropped by Rs 470 to Rs 30,161 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 470 to Rs 30,161 per ten grams.

Similarly, silver for delivery in March nosedived by Rs 686 to Rs 46,500 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, fell nearly 1
percent as assurances from Russia's president that military force would be a last resort in the Ukraine crisis prompted investors to take profits from the previous day's rally.

Spot gold last quoted down 0.9 percent at USD 1,337.86 per ounce.

In New York, gold for April delivery declined by USD 12.40 to settle at USD 1,337.90 an ounce on the Comex division of the NYMEX.

Read more on Commodity Market 2014 Outlook

Meanwhile, gold prices dipped by Rs 60 to Rs 31,240 per ten grams at Delhi bullion market on emergence of stockists selling and a weak global trend.

Silver also lost Rs 570 to Rs 47,330 per kg on reduced offtake by jewellers and industrial units.

Delhi

Gold of 99.9 and 99.5 percent purity declined by Rs 60 each to Rs 31,240 and Rs 31,040 per ten grams, respectively. It had gained Rs 200 yesterday.

Sovereign held steady at Rs 25,500 per piece of eight grams.

Silver ready dropped by Rs 570 to Rs 47,330 per kg and weekly-based delivery by Rs 770 to Rs 47,330 per kg. The white metal had gained Rs 1340 in the previous two sessions.

Silver coins also 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 0.9 percent at USD 1,337.86 per ounce.

In New York, gold for April delivery declined by USD 12.40 to settle at USD 1,337.90 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 30,558 (-198) / SILVER: Rs 46,952 (-433)

Delhi
GOLD: Rs 31,240 (-60) / SILVER: Rs 47,330 (-570)

Chennai
GOLD: Rs 30,740/ SILVER: Rs 47,390

Kolkata
GOLD: Rs 31,055/ SILVER: Rs 47,200

Bangalore
GOLD: Rs 31,105/ SILVER: Rs 47,600

Hyderabad
GOLD: Rs 31,200 / SILVER: Rs 47,800

With agency inputs





First Published: Tuesday, March 04, 2014, 16:02


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