Zee Media Bureau/Ajeet Kumar
Gold prices moved higher by Rs 138 to Rs 28,788 per ten grams in futures trade Friday as speculators enlarged their positions in tandem with a firming trend overseas.Read more on Gold 2014 Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in April climbed by Rs 138 to Rs 28788 per ten grams.
Similarly, silver for delivery in March gained by Rs 63 to Rs 44,476 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, moved up by nearly 0.5 percent today on re-emerged Chinese demand.
Spot gold last traded up USD 5.10 or 0.41 percent at USD 1,263.90 an ounce after moving in range of USD 1,255.40 - USD 1,273 per ounce.
The yellow metal has climbed nearly 1.5 percent for the week. Read more on Commodity Market 2014 Outlook
Meanwhile, gold prices rose Rs 30 to Rs 30,540 per ten grams at Delhi bullion market on sustained buying by stockists amid a firming global trend.
However, silver met with resistance and lost Rs 300 to Rs 44,800 per kg.
In Mumbai, gold of 99.9 and 99.5 percent purity strengthened by Rs 15 each to Rs 30,275 and Rs 30,125 per ten grams, respectively while silver declined by Rs 200 to Rs 45,400 per kg.Delhi
Gold of 99.9 and 99.5 percent purity advanced by Rs 30 each to Rs 30,540 and Rs 30,340 per ten grams, respectively. It had gained Rs 50 yesterday.
Sovereign held steady at Rs 25,300 per piece of eight grams.
On the other hand, silver ready fell by Rs 300 to Rs 44,800 per kg and weekly-based delivery by Rs 385 to Rs 44,400 per kg. The white metal had surged by Rs 950 in last trade.
Silver coins, however, held steady at Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces.International markets
Spot gold last traded up USD 5.10 or 0.41 percent at USD 1,263.90 an ounce after moving in range of USD 1,255.40 - USD 1,273 per ounce. Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 30,275 (+15) / SILVER: Rs 45,400 (-200)Delhi
GOLD: Rs 30,540 (+30) / SILVER: Rs 44,800 (-300)Chennai
GOLD: Rs 30,100/ SILVER: Rs 44,610Kolkata
GOLD: Rs 29,975/ SILVER: Rs 44,300Bangalore
GOLD: Rs 30,375/ SILVER: Rs 45,000Hyderabad
GOLD: Rs 30,300 / SILVER: Rs 46,000
First Published: Friday, February 7, 2014, 15:32