Gold rates today: Latest updates
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Gold rates today: Latest updates

Last Updated: Monday, September 30, 2013, 14:30
 
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Gold rates today: Latest updates


Zee Media Bureau/Ajeet Kumar

Recovering from their early losses, gold prices regained Rs 30,000 level by gaining Rs 521 to Rs 30,386 per ten grams in futures trade Friday as rupee weakened against the dollar in second half of trade at the Interbank Foreign Exchange market.

Market participants also enlarged their positions in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October rose by Rs 521 to Rs 30,386 per ten grams as against its previous close of Rs 29,865.

Similarly, silver benchmark delivery spurted by Rs 662 to Rs 49,301 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, strengthened by nearly 1 percent today amid a softer dollar, but was on track to end the week largely steady due to persistent uncertainty on when the US Federal Reserve would curb its economic stimulus and slow physical demand from Asia.

Spot gold last quoted at USD 1,334.60 an ounce, up USD 9.80 or 0.74 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 yesterday.

Meanwhile, gold and silver prices tumbled in Delhi bullion market on sluggish demand and a weak global trend.

While gold prices declined by Rs 340 to Rs 30,200 per ten gram, silver dropped by Rs 540 to Rs 48,455 per kg on reduced offtake by jewellers and coin makers.

Mumbai

Standard gold of 99.5 percent purity hardened by Rs 185 to finish at Rs 30,265 per 10 gm from Thursday's closing level of Rs 30,080.

Pure gold of 99.9 percent purity also rose by Rs 185 to end at Rs 30,415 per 10 gm from Rs 30,230.

Silver ready (.999 fineness) edged up by Rs 200 to close at Rs 50,300 per kg as compared to Rs 50,100 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity plunged by Rs 340 each to Rs 30,200 and Rs 30,000 per ten gram, respectively. However, sovereign held steady at Rs 25,000 for a piece of eight gram in restricted activity.

Silver ready tumbled by Rs 540 to Rs 48,455 per kg and weekly-based delivery by a similar margin to Rs 48,355 per kg.

Silver coins also dropped by Rs 1,000 to 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 rose by Rs 521 to Rs 30,386 per ten grams as against its previous close of Rs 29,865.

Similarly, silver benchmark delivery spurted by Rs 662 to Rs 49,301 per Kg.

International markets

Spot gold last quoted at USD 1,334.60 an ounce, up USD 9.80 or 0.74 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 yesterday.

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: 30,415 (+185) / SILVER: Rs 50,300 (+200)

Delhi

GOLD: Rs 30,200 (-340) / SILVER: Rs 48,455 (-540)

Chennai

GOLD: Rs 29,675 / SILVER: Rs 48,465

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: Friday, September 27, 2013, 13:40


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