Zee Media Bureau/Ajeet Kumar
Gold prices continued to trade below Rs 27,000 per ten grams level by extending their early losses in futures trade Wednesday.
At the Multi Commodity Exchange (MCX), gold for delivery in June weakened by Rs 178 or 0.66 percent to Rs 26,780 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 1.50 or 0.12 percent at USD 1,264.80 per ounce.
Meanwhile, gold prices dipped below Rs 28,000-level for the first-time in 10-months by plunging Rs 400 to Rs 27,700 per ten grams at Delhi bullion market on sustained selling by stockists and a weak global trend.
Silver also fell by Rs 400 to Rs 41,000 per kg on poor offtake by industrial units and coin makers.
Delhi
Gold of 99.9 and 99.5 percent purity plunged by Rs 400 each to Rs 27,700 and Rs 27,500 per ten grams, respectively, a level last seen on July 22 last year. It had lost Rs 220 in last two sessions.
Sovereign lost Rs 200 at Rs 24,600 per piece of eight grams.
In a similar fashion, silver ready dropped further by Rs 400 to Rs 41,000 per kg and weekly-based delivery by Rs 420 to Rs 40,350 per kg. The white metal had lost Rs 300 in last three days.
Silver coins also plunged by Rs 1,000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.
International markets
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 1.50 or 0.12 percent at USD 1,264.80 per ounce.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 27,320 / SILVER: Rs 41,065
Delhi
GOLD: Rs 27,700 / SILVER: Rs 41,000
Chennai
GOLD: Rs 27,900/ SILVER: Rs 40,630
Kolkata
GOLD: Rs 27,590/ SILVER: Rs 40,700
Bangalore
GOLD: Rs 27,623/ SILVER: Rs 40,900
Hyderabad
GOLD: Rs ---- / SILVER: Rs -----
