Gold prices on Saturday: Complete roundup
Quotes

Gold prices on Saturday: Complete roundup

Last Updated: Monday, September 30, 2013, 14:32
 
 Comment 0
 
Gold prices on Saturday: Complete roundup


Zee Media Bureau/Ajeet Kumar

Gold prices zoomed by Rs 861 to settle at Rs 30,726 per ten grams in futures trade Saturday as market participants enlarged their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October rose by Rs 861 to close at Rs 30,726 per ten grams.

Similarly, silver benchmark delivery spurted by Rs 1,041 to Rs 49,680 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, strengthened by nearly 1 percent, driven up by a possible shutdown of US government operations next week and the threat of a debt default in mid-October, as well as by the prospects for continued easy monetary policy from the Federal Reserve.

Spot gold last quoted at USD 1,338.95 an ounce, up 0.1.14 percent.

In New York, gold for December delivery gained USD 15.10 or 1.1 percent to settle at USD 1,339.20 an ounce after hitting its session high of USD 1,345.20 an ounce, up 1.6 percent on the Comex division of the NYMEX.

Meanwhile, snapping two-day losing trend, gold prices climbed to nearly three-week high by surging Rs 1,000 per ten grams in Delbhi bullion market on brisk buying by stockists, driven by strong global cues.

While gold shot up Rs 1,000 to Rs 31,200, a level last seen on September 11, silver jumped up by Rs 1,225 to Rs 49,680 per kg on increased offtake by industrial units and coin makers.


Mumbai

Standard gold of 99.5 percent purity climbed by Rs 200 to finish at Rs 30,465 per 10 gm from Friday's closing level of Rs 30,265.

Pure gold of 99.9 percent purity rose by Rs 195 to close at Rs 30,610 per 10 gm from Rs 30,415.

Silver ready (.999 fineness) jumped Rs 430 to conclude at Rs 50,730 per kg as compared to Rs 50,300 previously.


Delhi

Gold of 99.9 and 99.5 percent purity surged by Rs 1,000 each to Rs 31,200 and Rs 31,000 per ten grams, respectively.

The yellow metal had lost Rs 345 in last two trading sessions. Sovereign also rose by Rs 100 to Rs 25,100 per piece of eight gram.

Silver ready zoomed up by Rs 1,225 to Rs 49,680 per kg and weekly-based delivery by Rs 1,245 to Rs 49,600 per kg. It had lost Rs 875 in the previous two sessions.

Silver coins spurted by Rs 2,000 to Rs 86,000 for buying and Rs 87,000 for selling of 100 pieces.


Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October rose by Rs 861 to close at Rs 30,726 per ten grams.

Similarly, silver benchmark delivery spurted by Rs 1,041 to Rs 49,680 per Kg.


International markets

Spot gold last quoted at USD 1,338.95 an ounce, up 0.1.14 percent.

In New York, gold for December delivery gained USD 15.10 or 1.1 percent to settle at USD 1,339.20 an ounce after hitting its session high of USD 1,345.20 an ounce, up 1.6 percent on the Comex division of the NYMEX.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged on Thursday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,610 (+195) / SILVER: Rs 50,730 (+430)

Delhi

GOLD: Rs 31,200 (+1,000) / SILVER: Rs 49,680 (+1,225)

Chennai

GOLD: Rs 30,230 / SILVER: Rs 49,400

Kolkata

GOLD: Rs 30,965 / SILVER: Rs 49,600

Bangalore

GOLD: Rs 30,915/ SILVER: Rs 49,800

Hyderabad

GOLD: Rs 30,500 / SILVER: Rs 50,000



First Published: Monday, September 30, 2013, 09:34


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

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