Zee Media Bureau/Ajeet Kumar
Gold prices moved higher but quoted below Rs 28,000 per ten grams level in futures trade Wednesday.
At the Multi Commodity Exchange (MCX), gold for delivery in August rose by Rs 50 or 0.18 percent to Rs 27,945 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, gained 0.05 percent to USD 1,308.20 an ounce.
Meanwhile, gold rebounded by Rs 160 to Rs 28,360 per 10 grams at Delhi bullion market on increased buying by jewellers and retailers to meet the upcoming festive season demand.
In line with an overall trend, silver also recovered by Rs 200 to Rs 45,400 per kg on increased offtake by coin makers.
Delhi
Gold of 99.9 and 99.5 percent purity recovered by Rs 160 each to Rs 28,360 and Rs 28,160 per 10 grams, respectively. It had tumbled by Rs 275 on Tuesday.
Sovereign followed suit and rose by Rs 100 to Rs 24,900 per piece of eight grams.
In line with a general firm trend, silver ready moved up by Rs 200 to Rs 45,400 per kg and weekly-based delivery by Rs 185 to Rs 45,095 per kg. The white metal had lost Rs 200 in the previous session.
Silver coins spurted by Rs 1,000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.
International markets
Gold in overseas markets, which normally set price trend on the domestic front, gained 0.05 percent to USD 1,308.20 an ounce.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 27,945 / SILVER: Rs 45,595
Delhi
GOLD: Rs 28,360 / SILVER: Rs 45,400
Chennai
GOLD: Rs 28,430/ SILVER: Rs 45,500
Kolkata
GOLD: Rs 28,490/ SILVER: Rs 45,100
Bangalore
GOLD: Rs 28,446/ SILVER: Rs 45,800
Hyderabad
GOLD: Rs 28,650/ SILVER: Rs 45,700
