Zee Media Bureau/Ajeet Kumar
Gold prices moved higher by Rs 161 to 28,760 per ten grams in futures trade Wednesday as market participants enlarged their positions in tandem with a firming trend overseas.
Depreciation in rupee against dollar also supported bullion prices.Read more on Gold Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in June climbed by Rs 161 to Rs 28,760 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 2.70 or 0.21 percent at USD 1,287.40 per ounce.
Meanwhile, gold prices rose by Rs 190 to Rs 30,440 per ten grams at Delhi bullion market following sustained buying by stockists on pick-up in seasonal demand amid firm global trend.
Silver also rose by Rs 470 to Rs 43,300 per kg on increased offtake by industrial units and coin makers.Delhi
Gold of 99.9 and 99.5 percent purity shot up by Rs 190 each to Rs 30,440 and Rs 30,240 per ten grams, respectively. It had gained Rs 210 yesterday.
Sovereign, however, remained flat at Rs 24,900 per piece of eight grams.
In a similar fashion, silver ready rose further by Rs 470 to Rs 43,300 per kg and weekly-based delivery by Rs 345 to Rs 42,475 per kg. The white metal had gained Rs 230 in the previous session.
On the other hand, silver coins remained steady at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. International markets
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 2.70 or 0.21 percent at USD 1,287.40 per ounce.Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 29,502 / SILVER: Rs 42,833Delhi
GOLD: Rs 30,440 / SILVER: Rs 43,300Chennai
GOLD: Rs 30,110/ SILVER: Rs 42,855Kolkata
GOLD: Rs 29,950/ SILVER: Rs 42,700Bangalore
GOLD: Rs 30,049/ SILVER: Rs 43,300Hyderabad
GOLD: Rs 30,100 / SILVER: Rs 44,000
First Published: Wednesday, April 23, 2014, 16:49