Zee Media Bureau/Ajeet Kumar
Gold prices moved higher by Rs 67 to Rs 28,587 per ten grams in futures trade Thursday as market participants enlarged their positions in tandem with a firming trend overseas.Read more on Gold Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in June climbed by Rs 67 to Rs 28,587 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 3 or 0.23 percent at USD 1,292.90 per ounce.
Meanwhile, gold lost its sheen by falling Rs 350 to Rs 30,400 per ten gram at Delhi bullion market on stockists selling, tracking a weak trend in global markets.
Silver followed suit and plunged by Rs 800 to Rs 42,000 per kg.Delhi
Gold of 99.9 and 99.5 percent purity tumbled by Rs 350 each to Rs 30,400 and Rs 30,200 per ten gram respectively. It had gained Rs 70 in the previous two days.
Sovereign, however, held steady at Rs 25,100 per piece of eight gram in limited deals.
Silver ready dropped by by Rs 800 to Rs 42,000 per kg, while weekly-based delivery by Rs 850 to Rs 41,900 per kg.
On the other hand, silver coins held steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces in restricted deals.International markets
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 3 or 0.23 percent at USD 1,292.90 per ounce.Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 30,010 / SILVER: Rs 42,755Delhi
GOLD: Rs 30,400 / SILVER: Rs 42,000Chennai
GOLD: Rs 29,950/ SILVER: Rs 41,600Kolkata
GOLD: Rs 29,900/ SILVER: Rs 41,800Bangalore
GOLD: Rs 30,144/ SILVER: Rs 42,300Hyderabad
GOLD: Rs 30,300 / SILVER: Rs 44,000
First Published: Thursday, May 8, 2014, 17:13