Gold price today: Latest updates
   
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Gold price today: Latest updates

Last Updated: Wednesday, August 20, 2014, 13:18
 
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Gold price today: Latest updates
Zee Media Bureau

New Delhi: Gold prices moved lower by Rs 70 to Rs 28,225 per 10 grams in futures trade Tuesday as speculators offloaded some of their positions moving in tandem with a weak trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in October dropped by Rs 70 to Rs 28,225 per ten grams.

Gold in overseas markets, which normally set price trend on the domestic front, traded in narrow range today.

Spot gold last traded at USD 1,294.40 an ounce, down 0.22 percent or USD 2.80.

Meanwhile, gold prices fell by another Rs 50 to close at Rs 28,550 per ten gram at Delhi bullion market due to subdued demand from jewellers amid a weak trend overseas on easing geo-political tensions.

Delhi

Gold of 99.9 and 99.5 percent purity traded Rs 50 each down at Rs 28,550 and Rs 28,350 per ten gram respectively. The yellow metal had lost Rs 220 in the past three days.

Sovereign, however, recovered by Rs 100 to Rs 24,800 per piece of eight gram on some buying.

On the other hand, silver ready rebounded by Rs 420 to Rs 43,300 per kg and weekly-based delivery by Rs 100 to Rs 42,680 per kg.

Meanwhile, silver coins continued to be asked at last level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

International markets

Spot gold last traded at USD 1,294.40 an ounce, down 0.22 percent or USD 2.80.

Here are the city wise gold and silver rates:

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

Mumbai
GOLD: Rs 28,340 / SILVER: Rs 43,665

Delhi
GOLD: Rs 28,550 / SILVER: Rs 43,300

Chennai
GOLD: Rs 28,620/ SILVER: Rs 43,020

Kolkata
GOLD: Rs 28,590/ SILVER: Rs 43,000

Bangalore
GOLD: Rs 28,652/ SILVER: Rs 43,600

Hyderabad
GOLD: Rs 28,800/ SILVER: Rs 44,500



First Published: Tuesday, August 19, 2014, 13:21


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