Zee Media Bureau
Gold prices failed to log weekly gain due to slackened demand from jewellers at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in October moved lower by Rs 74 or 0.26 percent to settle at Rs 28,614 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, fell 0.4 percent for the week.
Spot gold was down 0.7 percent at USD 1,303.90 an ounce Friday. It traded as low as USD 1,292.40 just before the Ukraine headlines.
US COMEX gold futures for December delivery settled down USD 9.50 at USD 1,306.20 an ounce.
In the national capital, gold of 99.9 and 99.5 percent purity ended at Rs 28,700 and Rs 28,500 per 10 grams, respectively, showing a fall of Rs 60 each.
In line with overall trends, silver ready ended down by Rs 525 to Rs 43,525 per kg and weekly-based delivery by Rs 320 to Rs 43,260 per kg.
At Mumbai, standard gold (99.5 purity) commenced marginally lower at Rs 28,365 and however between a high of Rs 28,505 and a low of Rs 28,355 before finishing at Rs 28,375 compared to last Saturday's close of Rs 28,395, showing a modest fall of Rs 20 per 10 grams.
Pure gold (99.9 purity) also resumed weak at Rs 28,520 and moved in a range of Rs 28,655 and Rs 28,505 before concluding at Rs 28,525 against preceding weekend level of Rs 28,545, posting a nominal loss of Rs 20 per 10 grams.
With agency inputs
