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

Last Updated: Tuesday, December 17, 2013, 13:00
 
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Gold price today: Latest updates


Zee Media Bureau/Ajeet Kumar

Gold prices ended the week on higher note by gaining Rs 209 to Rs 29,432 per ten grams in futures trade Friday as market participants enlarged their positions, moving in tandem with a firmimg trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in February rose by Rs 209 to Rs 29,432 per ten grams.

Similarly, silver for delivery in March hardened by Rs 308 to Rs 44,776 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, moved higher by over 1 percent, supported by short-covering after a two-day decline.

For the week, gold was up almost 1 percent.

Spot gold last traded up USD 13.50 or 1.10 percent at USD 1,239.70 an ounce.

In New York, gold for February delivery rose by USD 9.70 or 0.8 percent to USD 1,234.60 an ounce on the Comex division of the NYMEX. For the week, prices were up 0.5 percent.

Meanwhile, Snapping its two-day falling streak, gold prices rebounded by Rs 230 to Rs 30,930 per ten grams at Delhi bullion market Saturday on emergence of buying at existing lower levels for the ongoing marriage season amid a firming global trend.

Silver also jumped by Rs 770 to Rs 44,400 per kg after sharp fall of Rs 1,430 yesterday on increased offtake by industrial units and coin makers.

Delhi

Gold of 99.9 and 99.5 percent purity shot up by Rs 230 each to Rs 30,930 and Rs 30,730 per ten grams, respectively. It had lost Rs 450 in last two trading sessions.

Sovereign followed suit and rose by Rs 100 to Rs 25,300 per piece of eight gram.

Silver ready jumped by Rs 770 to Rs 44,400 per kg and weekly-based delivery by Rs 645 to Rs 44,775 per kg.

Silver coins also spurted by Rs 2,000 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 February rose by Rs 209 to Rs 29,432 per ten grams.

Similarly, silver for delivery in March hardened by Rs 308 to Rs 44,776 per Kg.

International markets

Spot gold last traded up USD 13.50 or 1.10 percent at USD 1,239.70 an ounce.

In New York, gold for February delivery rose by USD 9.70 or 0.8 percent to USD 1,234.60 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, dropped the most in nearly two months on Thursday

Here are the city wise gold and silver rates:

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

Mumbai

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

Delhi

GOLD: Rs 30,930 (+230) / SILVER: Rs 44,400 (770)

Chennai

GOLD: Rs 29,880/ SILVER: Rs 44,140

Kolkata

GOLD: Rs 30,300/ SILVER: Rs 44,050

Bangalore

GOLD: Rs 30,624/ SILVER: Rs 44,600

Hyderabad

GOLD: Rs 30,800/ SILVER: Rs 44,700




First Published: Saturday, December 14, 2013, 16:30


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