Gold price fails to hold above Rs 30,000-mark

Zee Media Bureau

New Delhi: Gold prices failed to hold the 30,000-mark in future trading Thursday.

However, the yellow metal was up by nearly Rs 150 in early trade today as speculators created fresh bets amid positive cues from global markets.

It was last traded flat on MCX.

At Delhi, gold prices remained steady at Rs 30,100 per ten grams in the absence of any worthwhile activity at prevailing levels, even as the precious metal strengthened overseas.

Traders said slowdown by retailers and jewellers at existing levels mainly kept gold prices unaltered.

In the national capital, gold of 99.9 and 99.5 percent purity ruled steady at Rs 30,100 and Rs 29,950 per ten grams respectively. Sovereign followed suit and traded at previous level of Rs 23,300 per piece of eight grams.

Globally, gold snapped a three-day losing run and traded 0.3 percent higher at USD 1,283.44 an ounce in Singapore. Silver too was up by 0.4 percent at USD 17.41 an ounce.

On the other hand, silver ready edged up by Rs 50 to Rs 41,100 per kg and weekly-based delivery by Rs 150 to Rs 40,880 per kg.