Zee Media Bureau/Ajeet Kumar
Gold prices moved lower by Rs 162 to Rs 28,466 per ten grams in futures trade Wednesday.
At the Multi Commodity Exchange (MCX), gold for delivery in June weakened by Rs 162 to Rs 28,466 per ten grams.
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 6.90 or 0.53 percent at USD 1,301.60 per ounce.
Meanwhile, gold prices tumbled to one-month low by falling Rs 350 to Rs 29,950 per 10 grams in the national capital today on fresh selling by stockists against fall in demand at prevailing levels.
Silver, however, extended gains for the third day by adding Rs 50 to Rs 42,300 per kg on increased offtake by industrial units.
Delhi
Gold of 99.9 and 99.5 percent purity plunged Rs 350 each to Rs 29,950 and Rs 29,750 per 10 grams, respectively, a level last seen on April 12.
Sovereign followed suit and lost Rs 100 at Rs 25,000 per piece of eight grams.
On the other hand, silver ready continued its rising trend and gained another Rs 50 to Rs 42,300 per kg and weekly-based delivery inched up by Rs 10 to Rs 41,890 per kg.
The white metal had gained Rs 550 in the previous two sessions.
Silver coins met with resistance at higher levels and dropped by Rs 1,000 to Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.
International markets
Gold in overseas markets, which normally set price trend on the domestic front, quoted up by USD 6.90 or 0.53 percent at USD 1,301.60 per ounce.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 30,010 / SILVER: Rs 42,755
Delhi
GOLD: Rs 30,400 / SILVER: Rs 42,000
Chennai
GOLD: Rs 29,950/ SILVER: Rs 41,600
Kolkata
GOLD: Rs 29,900/ SILVER: Rs 41,800
Bangalore
GOLD: Rs 30,144/ SILVER: Rs 42,300
Hyderabad
GOLD: Rs 30,300 / SILVER: Rs 44,000
