Gold prices on Thursday: Complete roundup
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Gold prices on Thursday: Complete roundup

Last Updated: Friday, September 27, 2013, 13:28
 
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Gold prices on Thursday: Complete roundup


Zee Media Bureau/Ajeet Kumar

Gold prices extended their early losses in second half of trade and settled lower by Rs 350 to Rs 29,865 per ten grams in futures trade Thursday as rupee strengthened against the dollar at the Interbank Foreign Exchange market.

Market participants also offloaded their positions in tandem with a weakening trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October declined by Rs 350 to settle at Rs 29,865 per ten grams as against its previous close of Rs 30,215 .

Similarly, silver benchmark delivery dropped by Rs 532 to Rs 48,639 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, fell as a rise in the dollar and mixed US economic indicators prompted investors to take profits after gains in the previous session.

Spot gold last quoted at USD 1,322.40 an ounce, down 0.8 percent.

In New York, gold for December delivery dropped USD 12.10 to settle at USD 1,324.10 an ounce on the Comex division of the NYMEX.

Meanwhile, prices of both gold and silver declined in Delhi bullion market on reduced offtake amid a weak global trend.

While gold declined by Rs 5 to Rs 30,540 per ten gram, silver dropped by Rs 335 to Rs 38,995 per kg on fall in demand from retailers and industrial units.

Mumbai

Standard gold of 99.5 percent purity hardened by Rs 100 to finish at Rs 30,080 per 10 gm from Wednesday's closing level of Rs 29,980.

Pure gold of 99.9 percent purity also rose by Rs 100 to end at Rs 30,230 per 10 gm from Rs 30,130.

Silver ready (.999 fineness) edged up by Rs 60 to close at Rs 50,100 per kg as compared to Rs 50,040 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity declined by Rs 5 to Rs 30,540 and Rs 30,340 per ten gram, respectively. Sovereign held steady at Rs 25,000 per piece of eight gram in limited deals.

Silver ready dropped by Rs 335 to Rs 48,995 per kg and weekly-based delivery by Rs 585 to Rs 48,895 per kg on falling demand from stockists and industrial units.

On the other hand, silver coins continued to be asked at previous level of 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 October declined by Rs 350 to settle at Rs 29,865 per ten grams as against its previous close of Rs 30,215 .

Similarly, silver benchmark delivery dropped by Rs 532 to Rs 48,639 per Kg.

International markets

Spot gold last quoted at USD 1,322.40 an ounce, down 0.8 percent.

In New York, gold for December delivery dropped USD 12.10 to settle at USD 1,324.10 an ounce on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.07 percent, or 0.6 tonnes, to 909.59 tonnes on Monday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,230 (+100) / SILVER: Rs 50,100 (+60)

Delhi

GOLD: Rs 30,540 (-5) / SILVER: Rs 48,995 (-335)

Chennai

GOLD: Rs 29,795 / SILVER: Rs 49,000

Kolkata

GOLD: Rs 30,500 / SILVER: Rs 49,000

Bangalore

GOLD: Rs 30,275/ SILVER: Rs 49,400

Hyderabad

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



First Published: Thursday, September 26, 2013, 10:53


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