Today gold rate: Latest updates
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Today gold rate: Latest updates

Last Updated: Wednesday, December 11, 2013, 20:24
 
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Today gold rate: Latest updates
Zee Media Bureau/Ajeet Kumar

Gold prices ended the week below Rs 29,000 per ten grams level in futures trade Friday as market participants offloaded their positions even a firming trend overseas.

Appreciation in rupee against US dollar mainly weighed on yellow metal prices.

At the Multi Commodity Exchange (MCX), gold for delivery in February settled lower by Rs 251 to Rs 28,954 per ten grams.

Similarly, silver for delivery in March dropped by Rs 409 to Rs 44,052 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, moved
slightly higher, as better-than-expected US jobs data reinforced fears that the US Federal Reserve will rein in its stimulus program, ending a brief flurry of short covering by traders who had bet on lower prices.

Spot gold last traded up 0.4 percent at USD 1,229.06 an ounce, moving between a wide daily range of USD 1,211.80 and USD 1,243.

For the week, gold prices were down nearly 2 percent.

In New York, gold for February delivery moved down by USD 2.90 or 0.2 percent to settle at USD 1,229 an ounce on the Comex division of the NYMEX.

Meanwhile, extending losses for the second straight day, gold prices Saturday lost another Rs 285 to Rs 30,500 per ten gram at Delhi bullion market on sustained selling by stockists against falling demand.

Silver also fell for the fifth session, losing Rs 100 at Rs 43,500 per kg on reduced offtake by industrial units and coin makers.

Mumbai

Standard gold (99.5 purity) firmed up by Rs 75 to conclude at Rs 30,575 per 10 grams from Friday's closing level of Rs 30,500.

Pure gold (99.9 purity) also added a similar margin to end at Rs 30,725 per 10 grams from Rs 30,650.

Silver ready (.999 fineness) hardened by Rs 220 to finish at Rs 44,670 per kilo as compared to Rs 44,450 previously.

Delhi

Gold of 99.9 and 99.5 percent purity plunged further by Rs 285 each to Rs 30,500 and Rs 30,300 per ten gram, respectively. It had lost Rs 465 yesterday. Sovereign followed suit and shed Rs 100 to Rs 25,100 per piece of eight gram.

In line with a general weak trend, silver ready fell by Rs 100 to Rs 43,500 per kg and weekly-based delivery by Rs 130 to Rs 44,050 per kg. The white metal had lost Rs 1,475 in last four trading sessions.

Silver coins remained steady at Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in February settled lower by Rs 251 to Rs 28,954 per ten grams.

Similarly, silver for delivery in March dropped by Rs 409 to Rs 44,052 per Kg.

International markets

Spot gold last traded up 0.4 percent at USD 1,229.06 an ounce, moving between a wide daily range of USD 1,211.80 and USD 1,243.

For the week, gold prices were down nearly 2 percent.

In New York, gold for February delivery moved down by USD 2.90 or 0.2 percent to settle at USD 1,229 an ounce on the Comex division of the NYMEX.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 2.70 tonnes to 838.71 tonnes on Wednesday - their lowest since early 2009.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 30,725 (+75) / SILVER: Rs 44,670 ( +220)

Delhi

GOLD: Rs 30,500 (-285) / SILVER: Rs 43,500 (-100)

Chennai

GOLD: Rs 29,990/ SILVER: Rs 43,245

Kolkata

GOLD: Rs 30,470/ SILVER: Rs 43,150

Bangalore

GOLD: Rs 30,814/ SILVER: Rs 43,800

Hyderabad

GOLD: Rs 31,250/ SILVER: Rs 45,800



First Published: Saturday, December 07, 2013, 12:21


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