Zee Media Bureau
New Delhi: Gold prices recovered by Rs 40 to Rs 25,640 per 10 grams at Delhi bullion market Thursday, largely due to fresh purchases by jewellers and retailers, even as it retreated overseas after the US Fed lifted interest rates.
Silver followed suit and rose by Rs 350 to Rs 33,850 per kg.
At the Multi Commodity Exchange (MCX), gold prices for delivery in February next year fell by Rs 190, or 0.75 percent, to Rs 25,278 per 10 grams.
Globally, gold fell, while the dollar surged after the US central bank increased interest rates for the first time in nearly a decade and hinted at more increases in 2016. Spot gold dipped 0.7 percent to USD 1,066 an ounce in early trade, just USD 23 above a near-six-year low hit earlier this month.
Mumbai
Standard gold (99.5 purity) declined by Rs 35 to settle at Rs 25,150 per 10 grams compared to overnight close of Rs 25,185. Pure gold (99.9 purity) also was down by a similar margin to end at Rs 25,300 per 10 grams compared to Rs 25,335 yesterday.
Silver (.999 fineness) shot-up by Rs 400 to conclude at Rs 34,170 per kg as against Rs 33,770.
Gold prices in other major Indian cities:
Kolkata: Rs 25,580 per 10 grams; Silver: Rs 33,700 per kg
Chennai: Rs 25,550 per 10 grams; Silver: Rs 33,905 per kg
Bangalore: Rs 25,505 per 10 grams; Silver: Rs 34,200 per kg
Hyderabad: Rs 25,800 per 10 grams; Silver: Rs 35,000 per kg
