Zee Media Bureau/Ajeet Kumar
Gold prices slipped but managed to hold above Rs 26,000 per 10 gm level in futures trade Thursday as some of the market participants offloaded their positions even a range bound trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in August edged lower by Rs 36 or 0.14 percent to Rs 26,037 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, edged higher by USD 0.10 or 0.01 percent to USD 1,260.70 per ounce.
Meanwhile, gold extended gains for the second straight day with prices rising by Rs 45 to Rs 27,230 per 10 grams at Delhi bullion market on increased buying by stockists and retailers amid a firming global trend.
Silver also gained Rs 300 to Rs 41,300 per kg.
Delhi
Gold of 99.9 and 99.5 percent advanced by Rs 45 to Rs 27,230 and Rs 27,030 per 10 grams, respectively.
Sovereign remained steady at Rs 24,400 per piece of eight grams in restricted activity.
Similarly, silver ready gained Rs 300 to Rs 41,300 per kg, while weekly-based delivery lost Rs 195 at Rs 40,620 per kg.
Silver coins, however, remained unchanged 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, edged higher by USD 0.10 or 0.01 percent to USD 1,260.70 per ounce.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 26,950 / SILVER: Rs 41,565
Delhi
GOLD: Rs 27,230 / SILVER: Rs 41,300
Chennai
GOLD: Rs 27,230/ SILVER: Rs 41,740
Kolkata
GOLD: Rs 27,215/ SILVER: Rs 40,000
Bangalore
GOLD: Rs 27,230/ SILVER: Rs 41,400
Hyderabad
GOLD: Rs 27,450 / SILVER: Rs 41,800
