Gold price today: Latest updates

Thursday, September 26, 2013: Gold prices failed to extend yesterday's gains and moved lower by Rs 110 to Rs 30,105 per ten grams in futures trade early Thursday as rupee strengthened against the dollar at the Interbank Foreign Exchange market.

At the Multi Commodity Exchange (MCX), gold for delivery in October declined by Rs 110 to Rs 30,105 per ten grams as against its previous close of Rs 30,215 .

Similarly, silver benchmark delivery dropped by Rs 251 to Rs 48,920 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, traded in a narrow range and largely held on to overnight gains of nearly 1 percent as an upcoming Chinese holiday kept investors on the sidelines and their focus turned towards the US debt ceiling talks. 

Spot gold last quoted at USD 1,333.80 an ounce, down 0.02 percent, after gaining 0.8 percent in the previous session. 

In New York, gold for December delivery rose USD 19.90 to settle at USD 1,336.20 an ounce on the Comex division of the NYMEX yesterday.

Meanwhile, snapping a four-day losing streak, both precious metals gold and silver rebounded in Delhi bullion market on emergence of buying at existing lower levels to meet the coming festive season demand amid a better global trend.

While gold gained Rs 320 to Rs 30,545 per ten gram after losing Rs 585 in last four sessions, silver recovered by Rs 390 to Rs 49,330 per kg, snapping Rs 2,260 losses of four days.

Mumbai

Standard gold of 99.5 percent purity moved up by Rs 160 to close at Rs 29,980 per 10 gm from Tuesday's closing level of Rs 29,820 .

Pure gold of 99.9 percent purity also gained by Rs 160 to end at Rs 30,130 per 10 gm from Rs 29,970.

Similarly, silver ready (.999 fineness) escalated by Rs 50 to finish at Rs 49,715 per kg as compared to Rs 49,765 yesterday.

Delhi

Gold of 99.9 and 99.5 percent purity rebounded by Rs 320 each to Rs 30,545 and Rs 30,345 per ten gram, respectively, while sovereign held steady at Rs 25,000 per piece of eight gram in limited deals.

Silver ready rose by Rs 390 to Rs 49,330 per kg and weekly-based delivery by Rs 690 to Rs 49,480 per kg. 

Silver coins, however, held steady at 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 October declined by Rs 110 to Rs 30,105 per ten grams as against its previous close of Rs 30,215 .

Similarly, silver benchmark delivery dropped by Rs 251 to Rs 48,920 per Kg.

International markets

Spot gold last quoted at USD 1,333.80 an ounce, down 0.02 percent, after gaining 0.8 percent in the previous session. 

In New York, gold for December delivery rose USD 19.90 to settle at USD 1,336.20 an ounce on the Comex division of the NYMEX yesterday.

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.07 percent, or 0.6 tonnes, to 909.59 tonnes on Monday. 

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 29,970 30,130 (+160) / SILVER: Rs 49,715 (+325) 50,040

Delhi

GOLD: Rs 30,545 (+320) / SILVER: Rs 49,330 (+90)

Chennai

GOLD: Rs 29,795 / SILVER: Rs 48,860

Kolkata

GOLD: Rs 30,570 / SILVER: Rs 48,900

Bangalore

GOLD: Rs 30,478/ SILVER: Rs 49,500

Hyderabad

GOLD: Rs 30,100 / SILVER: Rs 50,000

Courtesy: Zee News