Gold prices on Monday: Complete roundup
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Gold prices on Monday: Complete roundup

Last Updated: Wednesday, October 9, 2013, 15:18
 
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Gold prices on Monday: Complete roundup


Zee Media Bureau/Ajeet Kumar

Gold prices settled higher by Rs 397 to Rs 29,486 per ten grams in futures trade Monday as market participants enlarged their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December moved higher by Rs 397 to close at Rs 29,486 per ten grams.

Similarly, silver for delivery in December gained by Rs 1,433 to Rs 49,630 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, rose nearly 1 percent as the ongoing US government shutdown and no signs politicians were willing to resolve a budget impasse and raise the debt-ceiling limit boosted the metal's safe-haven appeal.

Spot gold last traded up 0.8 percent at USD 1,321.01 an ounce, having earlier reached its highest
since Oct 1 at USD 1,327.94.

In New York, gold for December delivery rose by USD 15.20 to settle at USD 1,325.10 an ounce on the Comex division of the NYMEX.

Meanwhile, gold gained by Rs 300 to Rs 30,650 per ten grams in Delhi bullion market on sustained buying by stockists on rising seasonal demand amid a firm global trend.

Silver also moved higher Rs 250 to Rs 48,700 per kg on increased offtake by jewellers and industrial units.

Mumbai

Standard gold of 99.5 percent purity shot up by Rs 350 to close at Rs 30,150 per 10 gram from last Saturday's closing level of Rs 29,800.

Pure gold of 99.9 percent purity climbed by Rs 340 to finish at Rs 30,300 per 10 gram from Rs 29,960 previously.

Silver ready (.999 fineness) firmed up by Rs 345 to conclude at Rs 49,570 per kg as against Rs 49,225 last weekend.

Delhi

Gold of 99.9 and 99.5 percent purity advanced by Rs 300 each to Rs 30,650 and Rs 30,450 per ten grams, respectively. It had gained Rs 40 in the previous session. Sovereign remained steady at Rs 25,000 per piece of eight gram in limited deals.

In line with a general firm trend, silver ready rose further by Rs 250 to Rs 48,700 per kg and weekly-based delivery by Rs 305 to Rs 48,500 per kg. The white metal had gained Rs 230 in last trade.

Silver coins held steady at Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December moved higher by Rs 397 to close at Rs 29,486 per ten grams.

Similarly, silver for delivery in December gained by Rs 1,433 to Rs 49,630 per Kg.

International markets

Spot gold last traded up 0.8 percent at USD 1,321.01 an ounce, having earlier reached its highest
since Oct 1 at USD 1,327.94.

In New York, gold for December delivery rose by USD 15.20 to settle at USD 1,325.10 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: 30,300 (+340) / SILVER: Rs 49,570 (+345)

Delhi

GOLD: Rs 30,650 (+300) / SILVER: Rs 48,700 (+250)

Chennai

GOLD: Rs 29,660/ SILVER: Rs 48,335

Kolkata

GOLD: Rs 30,300 / SILVER: Rs 48,500

Bangalore

GOLD: Rs 30,580/ SILVER: Rs 49,100

Hyderabad

GOLD: Rs 30,000 / SILVER: Rs 50,000




First Published: Tuesday, October 8, 2013, 10:16


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