Zee Media Bureau/Ajeet Kumar
Extending its gains past Rs 26,000-mark, gold ended higher by Rs 143 to Rs 26,125 per ten grams in futures trade Wednesday as market participants enlarged their positions in tandem with a firmimg trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in August settled up by Rs 143 or 0.55 percent at Rs 26,125 per ten grams.
Shiv Shrivastava, MD & CEO, IGuru Research opined gold prices may face an upward push and see a range of Rs 25,750- Rs 26,500 per ten grams in the coming week.
Gold in overseas markets, which normally set price trend on the domestic front, climbed 0.7 percent to USD 1,260.30 per ounce.
US gold futures for August delivery ended at USD 1,260.10 an ounce, up USD 6.20.
Meanwhile, gold prices gained by Rs 85 to Rs 27,185 per ten gram at Delhi bullion market as buying activity picked up at prevailing level amidst a firming global trend.
Silver also traded higher by Rs 250 to Rs 41,000 per kg on increased offtake by industrial units.
Delhi
Gold of 99.9 and 99.5 percent purity rose by Rs 85 each to Rs 27,185 and Rs 26,985 per ten gram respectively. Sovereign, however, held steady at Rs 24,400 per piece of eight gram in scattered deals.
Silver ready advanced by Rs 250 to Rs 41,000 per kg and weekly-based delivery by Rs 745 to Rs 40,815 per kg, while silver coins continued be enquired 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, climbed 0.7 percent to USD 1,260.30 per ounce.
US gold futures for August delivery ended at USD 1,260.10 an ounce, up USD 6.20.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 26,700 / SILVER: Rs 41,085
Delhi
GOLD: Rs 27,250 / SILVER: Rs 41,000
Chennai
GOLD: Rs 27,140/ SILVER: Rs 40,730
Kolkata
GOLD: Rs 27,185/ SILVER: Rs 40,600
Bangalore
GOLD: Rs ----/ SILVER: Rs -----
Hyderabad
GOLD: Rs 27,480 / SILVER: Rs 42,000
