Gold Rate :Tracking continuous recovery in international markets, coupled with brisk physical buying at prevailing low levels, gold prices on Monday spurted by Rs 300 to trade at Rs 27,400 per ten grams in Delhi bullion market.
Gold in overseas markets, which normally set price trend on the domestic front, climbed 1.90 percent or USD 26.70 to USD 1,433.20 per ounce.
At the Multi Commodity Exchange (MCX), the most-active delivery in June contracts traded Rs 421 higher at Rs 26,468 per 10 gm.
Similarly, silver for delivery in May spurted by Rs 482 to Rs 43,905 per 10 gm.
Silver in Delhi bullion market also snapped its six-day falling trend and recovered by Rs 500 to Rs 45,800 per kg on increased offtake by industrial units and coin makers.
Chennai
Standard gold price rose by Rs 405 to Rs 26,960 per ten grams as against its previous close of Rs 26,555 in Chennai bullion market. Silver also climbed by Rs 300 to Rs 44,850 from Rs 44,550 per kg.
Mumbai
Standard gold of 99.5 percent purity and pure gold of 99.9 percent purity both finished up by Rs 440 and Rs 445 at Rs 26,700 and Rs 26,840 per 10 gm, respectively.
Silver ready (.999 fineness) rose by Rs 515 to end at Rs 45,180 per kg from Saturday’s closing level of Rs 45,665.
Delhi
In the national capital, gold of 99.9 and 99.5 percent purity shot up by Rs 300 each to Rs 27,400 and Rs 27,200 per ten grams, respectively. Before the current Rs 750 gain in the last two days, gold had tumbled Rs 3,250 in last week.
Sovereign moved up by Rs 100 to Rs 24,100 per piece of eight gram.
Silver ready recovered by Rs 500 to Rs 45,800 per kg and weekly-based delivery by Rs 370 to Rs 43,670 per kg. The white metal had lost Rs 7,300 in the previous six sessions.
Silver coins also spurted by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
Futures trade (MCX)
At the Multi Commodity Exchange (MCX), the most-active delivery in June contracts traded Rs 421 higher at Rs 26,468 per 10 gm.
Similarly, silver for delivery in May spurted by Rs 482 to Rs 43,905 per 10 gm.
International markets
Spot gold climbed 1.90 percent or USD 26.70 to USD 1,433.20 per ounce. International gold had touched its lowest level in more than two years of USD 1,321.35 on last Tuesday.
Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)
Mumbai
GOLD: Rs 26,840 (+445), SILVER: Rs 45,180 (+515)
Delhi
GOLD: Rs 27,400 (+300), SILVER: Rs 45,800 (+500)
Chennai
GOLD: 26,960 (+405)/ SILVER: Rs 44,850 (+300)
Kolkata
GOLD: 27,850 (+465)/ SILVER: Rs 46,250 (-250)
Bangalore
GOLD: Rs 26,885 / SILVER: Rs 45,800
Ahmedabad
GOLD: Rs 26,270/ SILVER: 44,200
