Zee Media Bureau/Ajeet Kumar
Gold prices settled higher by 53 to Rs 27,731 per ten grams in futures trade Wednesday as market participants enlarged their positions in tandem with a firming trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in August climbed by Rs 53 or 0.19 percent to close at Rs 27,731 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, rose to a fresh two-month high.
Spot gold hit a high of USD 1,325.90, its highest since April 15. It was last quoted up 41 cents at USD 1,318.12 an ounce.
US gold futures for August delivery ended at USD 1,321.30 an ounce, up USD 2.90.
Meanwhile, gold prices declined by Rs 160 to Rs 28,625 per ten gram, after three sessions of gains, at Delhi bullion market due to fall in demand at prevailing higher levels amid a weak global trend.
Silver remained under selling pressure and lost another Rs 100 to Rs 44,700 per kg.
Delhi
Gold of 99.9 and 99.5 percent purity fell by Rs 160 each to Rs 28,625 and Rs 28,425 per ten gram, respectively. It had gained Rs 765 in the last three days.
Sovereign, however, continued to be asked at last level of Rs 24,900 per piece of 8 gram in scattered deals.
Silver ready eased by another Rs 100 to Rs 44,700 per kg and weekly-based delivery by Rs 175 to Rs 44,250 per kg. The white metal had lost Rs 100 yesterday.
On the other hand, silver coins remained steady at Rs 79,000 for buying and Rs 80,000 for selling
of 100 pieces.
International markets
Spot gold hit a high of USD 1,325.90, its highest since April 15. It was last quoted up 41 cents at USD 1,318.12 an ounce.
US gold futures for August delivery ended at USD 1,321.30 an ounce, up USD 2.90.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 28,500 / SILVER: Rs 45,510
Delhi
GOLD: Rs 28,625 / SILVER: Rs 44,700
Chennai
GOLD: Rs 28,760/ SILVER: Rs 45,730
Kolkata
GOLD: Rs 28,795/ SILVER: Rs 45,000
Bangalore
GOLD: Rs 28,746/ SILVER: Rs 45,500
Hyderabad
GOLD: Rs 28,800 / SILVER: Rs 45,000
