Gold rates on December 9: Latest updates

Zee Media Bureau

Gold prices recovered by Rs 65 to Rs 25,840 per 10 grams at Delhi bullion market Wednesday, tracking a firm trend overseas amid fresh purchases by jewellers for the ongoing wedding season.

However, silver continued its slide and fell by another Rs 225 to Rs 34,200 per kg.

At the Multi Commodity Exchange (MCX), gold for delivery in in February traded higher by Rs 17 or 0.07 percent to Rs 25,543 per 10 grams.

Bullion traders said a firm global trend as investors priced in a US interest-rate hike this month and emergence of buying by jewellers to meet wedding season demand mainly led to recovery in the precious metal prices.

Globally, gold gained 0.4 percent to USD 1,078.69 an ounce in Singapore, while it rose 0.15 percent to USD 1076.20 an ounce in London in early trade.

Gold latest prices in major Indian cities:

Mumbai: Gold: Rs 25,455 per 10 grams; Silver: Rs 34,730 per Kg

Kolkata: Gold: Rs 25,890 per 10 grams; Silver: Rs 34,250 per Kg

Chennai: Gold: Rs 25,810 per 10 grams; Silver: Rs 34,335 per kg

Bangalore: Gold: Rs 25,900 per 10 grams; Silver: Rs 34,800 per kg