Partly Cloudy
4°CSun :Mostly Cloudy. High: 14 Low: 9

Gold price today: Latest updates

Gold price today: Latest updates

Gold prices continued to trade lower by Rs 41 to Rs 26,026 per ten grams in futures trade Thursday as market players offloaded their exposures even gold prices at international level edged higher after tumbling 12 percent over the past eight sessions.

At the Multi Commodity Exchange (MCX), gold for delivery in August fell by Rs 41 to Rs 26,026 per ten grams.

Similarly, silver for delivery in July moved lower by Rs 85 to Rs 38,483 per kg.

According to Shiv Shrivastava, MD & CEO, IGuru Research, gold prices may fall up to Rs 25,500 per ten grams in the near-term.

In medium-term prices may move in range of Rs 25,500-26,500 as gradual appreciation in rupee further will cap uptrend at domestic level as compared to overseas market.

Gold price in overseas markets, which normally set price trend on the domestic front, edged higher today as soft data on US economic growth eased fears of a quick end to the Federal Reserve’s monetary stimulus.

Spot gold last traded up USD 13.30 or 1.09 percent at USD 1,239.50 an ounce after a 4 percent fall on Wednesday that took the metal to USD 1,221.80, its lowest since August 2010. Silver, which sank 5.5 percent in the previous session, gained about 2 percent.

In New York, gold for August delivery dropped 45.30 or 3.6 percent to settle at USD 1,229.80 an ounce on the Comex division of the NYMEX yesterday.

In Delhi spot market, gold prices today plunged to one-month low by losing Rs 620 to Rs 26,680 per 10 grams on hectic selling by stockists, triggered by a steep fall in the precious metal’s prices overseas.

The current fall in the yellow metal prices placed it to a level last seen on May 28.

Silver followed suit and plunged by Rs 1,000 to Rs 40,500 per kg on poor offtake by industrial units and coin makers.

Chennai

Standard gold prices tanked by Rs 740 to Rs 26,280 per ten grams as against its previous close of Rs 27,020.

Similarly, silver prices tumbled by Rs 1725 to Rs 39,560 per kg from Rs 41,285.

Delhi

In the national capital, gold of 99.9 and 99.5 percent purity suffered a setback of Rs 620 each to Rs 26,680 and Rs 26,480 per 10 grams, respectively, a level last seen on May 28.

Sovereigns followed suit and lost Rs 200 to Rs 24,000 per piece of eight grams.

In a similar fashion, silver ready nosedived by Rs 1,000 to Rs 40,500 per kg and weekly-based delivery by Rs 1,025 to Rs 39,590 per kg. Silver coins plunged by Rs 2000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

Mumbai

Standard gold of 99.5 percent purity nosedived by Rs 680 to close at Rs 26,145 per 10 gm from Tuesday’s closing level of Rs 26,825.

Pure gold of 99.9 percent purity tanked by Rs 685 to conclude at Rs 26,280 per 10 gm from Rs 26,965 yesterday.

Silver ready (.999 fineness) plummeted by a hefty Rs 1,695 to end at Rs 40,475 per kg from Rs 42,170 previously.

Futures Trade (MCX)

At the Multi Commodity Exchange (MCX), gold for delivery in August fell by Rs 41 to Rs 26,026 per ten grams.

Similarly, silver for delivery in July moved lower by Rs 85 to Rs 38,483 per kg.

International markets

Spot gold last traded up USD 13.30 or 1.09 percent at USD 1,239.50 an ounce after a 4 percent fall on Wednesday that took the metal to USD 1,221.80, its lowest since August 2010. Silver, which sank 5.5 percent in the previous session, gained about 2 percent.

In New York, gold for August delivery dropped 45.30 or 3.6 percent to settle at USD 1,229.80 an ounce on the Comex division of the NYMEX yesterday.

Gold ETF

The world’s No. 1 gold ETF the SPDR Gold Shares reported the biggest one-day drop in its holdings in more than two months at 16.23 tonnes on Tuesday. That brought the fund’s total outflow for the year to 381 tonnes.

Here are the city wise gold and silver rates:

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

Mumbai

GOLD: 26,280 (-685) / SILVER: Rs 40,475 (-1,695)

Delhi

GOLD: Rs 26,680 (-620) / SILVER: Rs 40,500 (-1,000)

Chennai

GOLD: Rs 26,280 / SILVER: Rs 39,560

Kolkata

GOLD: Rs 26,645 / SILVER: Rs 40,000

Bangalore

GOLD: Rs 26,663 / SILVER: Rs 40,600

Hyderabad

GOLD: Rs 27,300 / SILVER: Rs 43,500

 

Top Stories

IV_34_1

Sania Mirza may play IPTL singles

November-21-2014
Mumbai: After a completely remunerating year where she won her lady World Tour Finals to add to her US Open blended pairs
happyending

Happy Ending Movie Review

November-21-2014
It is never an especially decent thought to wed a Happy Ending to a rash of remaining details, however the come about
anushka

Kohli affirms relationship with Anushka

November-21-2014
Kohli said it was at that point clear that he and Anushka were seeing someone individuals ought not be interested about them
285653-red-beacon

SP leaders grumble against utilization of red signal by Congress MLA

November-21-2014
A gathering of nearby Samajawadi Party pioneers on Thursday submitted a grievance letter with the police against Congress pioneer and Mathura MLA
jaitley_hnd1

Jaitley Tells Bankers to act Professionally

November-21-2014
NEW DELHI: Finance Minister Arun Jaitley on Thursday met heads of open segment banks to talk about approaches to cut down climbing
Ranjit Sinha_CBI_PTI

2G Scam: Former CBI chiefs take a stand in opposition to Ranjit Sinha

November-21-2014
NEW DELHI: Even as CBI executive Ranjit Sinha asserted on Thursday that he didn’t name any officer as “mole” and that he