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Gold price today

Gold price today

Gold prices moved higher by Rs 58 to Rs 30,204 per ten grams in futures trade Wednesday as some of the market participants enlarged their positions, in tandem with a firming trend overseas.

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 58 to Rs 30,204 per ten grams.

Similarly, silver for delivery in December increased by Rs 343 to Rs 49,788 per Kg.

Gold price in overseas markets, which normally set price trend on the domestic front, edged higher today as investors bet the Federal Reserve would stick to its bullion-friendly stimulus measures but the metal was still trading below five-week highs as a stronger dollar kept gains in
check.

The Fed will make a statement later today at the end of its two-day meeting.

Spot gold last traded up USD 1.70 or 0.13 percent at USD 1,347.320 an ounce, after hitting a session low of USD 1,339.14 earlier.

Meanwhile, gold prices dropped by Rs 420 to Rs 31,930 per ten gram in Delhi bullion market, owing to slackened demand driven by weak global trend and investors shifting their funds to surging equities.

Silver also declined by Rs 210 to Rs 49,590 per kg on reduced off take by industrial units.

Mumbai

Standard gold of 99.5 percent purity fell by Rs 650 to close at Rs 31,295 per 10 grams from Monday’s closing level of Rs 31,945.

Pure gold of 99.9 percent purity also dipped by Rs 655 to finish at Rs 31,440 per 10 grams as against Rs 32,095.

Silver ready (.999 fineness) slid by Rs 610 to end at Rs 50,020 per kilo from Rs 50,630 previously.

Delhi

Gold of 99.9 and 99.5 percent purity plunged further by Rs 420 each to Rs 31,930 and Rs 31,730 per ten gram, respectively. It had lost Rs 220 yesterday. Sovereign, however, found retailers buying and rose by Rs 300 to Rs 25,300 per piece of eight gram.

Silver ready fell further by Rs 210 to Rs 49,590 per kg and weekly-based delivery lost Rs 1,060 to Rs 48,890 per kg. The white metal had shed Rs 100 in last trade.

On the other hand, silver coins spurted by Rs 2,000 to Rs 87,000 for buying and Rs 88,000 for selling of 100 pieces on upsurge in festive demand.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in December gained by Rs 58 to Rs 30,204 per ten grams.

Similarly, silver for delivery in December increased by Rs 343 to Rs 49,788 per Kg.

International markets

Spot gold last traded up USD 1.70 or 0.13 percent at USD 1,347.320 an ounce, after hitting a session low of USD 1,339.14 earlier.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 31,440 (-655) / SILVER: Rs 50,020 (-610)

Delhi

GOLD: Rs 31,930 (-420) / SILVER: Rs 49,590 (-210)

Chennai

GOLD: Rs 30,790/ SILVER: Rs 49,415

Kolkata

GOLD: Rs 32,025 / SILVER: Rs 49,500

Bangalore

GOLD: Rs 31,592/ SILVER: Rs 49,800

Hyderabad

GOLD: Rs 31,600/ SILVER: Rs 50,600

 

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