Zee Media Bureau/Ajeet Kumar
Gold prices fell by Rs 59 to Rs 26,580 per ten grams in futures trade Thursday as some of the market participants offloaded their positions in tandem with a weakening trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in June edged lower by Rs 59 or 0.22 percent to Rs 26,580 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, quoted down by USD 0.90 or 0.07 percent at USD 1,242.70 an ounce.
Meanwhile, gold prices recovered by Rs 40 to Rs 27,240 per 10 grams at Delhi bullion market on emergence of buying at existing lower levels amid a better trend in global markets.
However, silver lacked necessary follow-up support from industrial units and lost Rs 200 to Rs 40,500 per kg.
Delhi
Gold of 99.9 and 99.5 percent purity rose Rs 40 each to Rs 27,240 and Rs 27,040 per 10 grams, respectively. It had lost Rs 300 in last three days.
Sovereign remained flat at Rs 24,400 per piece of eight grams.
On the other hand, silver ready declined by Rs 200 to Rs 40,500 per kg while weekly-based delivery gained Rs 70 to Rs 39,900 per kg.
Silver coins were unaltered at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
International markets
Gold in overseas markets, which normally set price trend on the domestic front, quoted down by USD 0.90 or 0.07 percent at USD 1,242.70 an ounce.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 26,770 / SILVER: Rs 40,730
Delhi
GOLD: Rs 27,240 / SILVER: Rs 40,500
Chennai
GOLD: Rs 27,330/ SILVER: Rs 40,300
Kolkata
GOLD: Rs 27,110/ SILVER: Rs 40,200
Bangalore
GOLD: Rs 27,254/ SILVER: Rs 40,800
Hyderabad
GOLD: Rs 27,550 / SILVER: Rs 42,200
