Today's gold rates: Latest updates
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Today's gold rates: Latest updates

Last Updated: Friday, December 13, 2013, 16:01
 
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Today's gold rates: Latest updates


Zee Media Bureau

Gold prices continued their upward journey for the second straight day by gaining another Rs 205 to end the week at Rs 31,525 per ten grams at Delhi bullion market Saturday on sustained buying.

Silver also moved up by Rs 175 to Rs 45,075 per kg on increased offtake by industrial units and coin makers.

Meanwhile, gold prices ended the week at Rs Rs 30,236 per ten grams in futures trade Friday as some of the market participants created fresh positions, in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December moved higher by Rs 77 to settle at Rs 30,236 per ten grams after moving in range of Rs 30,015- Rs 30,330.

Similarly, silver for delivery in December moved higher by Rs 146 to Rs 44,274 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, rose on Friday as the dollar declined but made its biggest monthly drop in five months on signs that recovery in the US economy could lead to the curbing of easy central bank money.

Spot gold last traded up 0.6 percent at USD 1,250.96 an ounce. This is down 5.57 percent from the end of October, its biggest monthly drop since June.

US gold futures rose 1.0 percent to settle at USD 1,250.40 an ounce. The contract dropped 5.59 percent in November, its weakest monthly performance since June.

Mumbai

Standard gold (99.5 purity) eased by Rs 5 to settle at Rs 30,690 per 10 grams from overnight level of Rs 30,695.

Pure gold (99.9 purity) also moved down by a similar margin to conclude at Rs 30,840 per 10 grams from Rs 30,845.

Silver ready (.999 fineness) fell by Rs 115 to end at Rs 45,600 per kg as compared to Friday's close of Rs 45,715.

Delhi

Gold of 99.9 and 99.5 percent purity advanced by Rs 205 each to Rs 31,525 and Rs 31,325 per ten grams, respectively. It had gained Rs 105 yesterday. Sovereign held steady at Rs 25,200 per piece of eight gram.

Similarly, silver ready rose by Rs 175 to Rs 45,075 per kg and weekly-based delivery by Rs 195 to Rs 44,275 per kg. The white metal had gained Rs 100 in the previous session.

Silver coins also spurted by Rs 1,000 to 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 December gained by Rs 77 to settle at Rs 30,236 per ten grams after moving in range of Rs 30,015- Rs 30,330.

Similarly, silver for delivery in December moved higher by Rs 146 to Rs 44,274 per Kg.

International markets

Spot gold last traded up 0.6 percent at USD 1,250.96 an ounce. This is down 5.57 percent from the end of October, its biggest monthly drop since June.

US gold futures rose 1.0 percent to settle at USD 1,250.40 an ounce. The contract dropped 5.59 percent in November, its weakest monthly performance since June.

Gold ETF

Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 5.70 tonnes to 843.21 tonnes on Wednesday to 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: 31,840 (-5) / SILVER: Rs 45,600 (-115)

Delhi

GOLD: Rs 31,525 (+205) / SILVER: Rs 45,075 (+175)

Chennai

GOLD: Rs 30,345/ SILVER: Rs 45,015

Kolkata

GOLD: Rs 31,415 / SILVER: Rs 45,000

Bangalore

GOLD: Rs 31,150/ SILVER: Rs 45,400

Hyderabad

GOLD: Rs 31,000/ SILVER: Rs 46,300




First Published: Saturday, November 30, 2013, 17:31


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