Gold prices on Wednesday: Complete roundup
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Gold prices on Wednesday: Complete roundup

Last Updated: Friday, August 16, 2013, 14:29
 
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Gold prices on Wednesday: Complete roundup

Zee Media Bureau/Ajeet Kumar

Gold managed to regain Rs 29,000 level by rising Rs 304 to Rs 29,186 per ten grams in futures trade Wednesday as market participants enlarged their positions in tandem with a firming global trend.

At the Multi Commodity Exchange (MCX), gold for delivery in October gained by Rs 304 to Rs 29,186 per ten grams as against its previous close of Rs 28,882.

Similarly, silver for delivery in September rose by Rs 305 to Rs 46,573 per kg.

Gold price in overseas markets, which normally set price trend on the domestic front, hardened around 1 percent as broad gains in the commodities complex and signs of simmering inflation lifted bullion after the previous day's drop.

Spot gold last traded up 1.1 percent at USD 1,334.84 per ounce after dropping 1 percent yesterday.

In New York, gold for December delivery settled at USD 1,333.40 an ounce, up USD 12.90 from its previous close on the Comex division of the NYMEX.

In Delhi spot market, snapping five-day long rally, gold prices slipped from four-month high by losing Rs 125 to Rs 29,700 per ten grams on poor buying support at existing higher levels amid a weak global trend.

However, silver maintained an upward trend for sixth day by adding Rs 85 to Rs 46,050 per kg on increased offtake by industrial units.

Mumbai

Standard gold of 99.5 percent purity ruled stable to close at yesterday's level of Rs 29,520 per 10 gm.

Pure gold of 99.9 percent purity edged up by a modest Rs 15 to conclude at Rs 29,675 per 10 gm from Rs 29,660.

However, silver ready (.999 fineness) slipped by Rs 25 to finish at Rs 47,010 per kg from 47,035 previously.

Chennai

Standard gold prices moved lower by Rs 115 to Rs 29,695 per ten grams as against its previous close of Rs 29,810.

However, silver prices zoomed further by Rs 965 to Rs 47,300 per kg.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity fell by Rs 125 each to Rs 29,700 and Rs 29,500 per ten grams respectively. Sovereign held steady at Rs 24,500 per piece of eight gram.

On the other hand, silver ready maintained its upward trend for the sixth-straight day by adding Rs 85 to Rs 46,050 per kg, after gaining Rs 4,555 in the previous five session.

However, silver weekly-based delivery lacked necessary buying support and shed Rs 15 to Rs 45.950 per kg.

Silver coins held steady at Rs 84,000 for buying and Rs 85,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in October slipped further by Rs 65 to Rs 28,817 per ten grams as against its previous close of Rs 28,882.

Similarly, silver for delivery in September decreased by Rs 184 to Rs 46,084 per kg.

International markets

Spot gold last traded up 1.1 percent at USD 1,334.84 per ounce after dropping 1 percent yesterday.

In New York, gold for December delivery settled at USD 1,333.40 an ounce, up USD 12.90 from its previous close on the Comex division of the NYMEX.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.23 percent to 913.23 tonnes on Wednesday.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 29,675 (+15) / SILVER: Rs 47,010 (-25)

Delhi

GOLD: Rs 29,700 (-125) / SILVER: Rs 46,050 (+85)

Chennai

GOLD: Rs 29,695 (-115) / SILVER: Rs 46,335 47,300 (+965)

Kolkata

GOLD: Rs 29,965 / SILVER: Rs 46,250

Bangalore

GOLD: Rs 30,024/ SILVER: Rs 46,700

Hyderabad

GOLD: Rs--- / SILVER: Rs ----




First Published: Wednesday, August 14, 2013, 14:16


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