They say gold is an ultimate currency – it was and will always be. Nevertheless, talking about the gold prices, it ended on a higher note on Friday December 13, 2013.
The gold gained Rs 209 to reach the price tag of Rs 29, 432 per ten grams as the market participants enlarged their position by moving as per the firming trend overseas.
Also worth noticing here is the fact that at the Multi Commodity Exchange (MCX), gold that is to be delivered in February shot up by RS 209 to touch the RS 29,432 per ten grams mark, whereas the silvery for delivery in March went up by RS 308 and will be available at the rate of 44,776 per Kg . Check the latest gold and silver price here.
The overseas market that sets the price trend for the domestic ones saw the gold price rising by over 1 percent after a decline for two days. As the gold was up by 1 percent, spot gold last traded at USD 13.50 or 1.10 percent at USD 1,239.70 an ounce.
After decline for consecutive two days, gold prices shoot up by RS 230 to Rs 30,930 per ten grams in Delhi bullion market on Saturday and silver saw a jump of Rs 770 to get a price tag of Rs 44,400 per kg after witnessing a streak fall of 1430 on Friday December 13, 2013.
Gold with 99.9 and 99.5 percent purity went up by Rs 230 each to touch the price of Rs 30,930 and Rs 30,730 per ten grams respectively.
Check for the City wise gold/ silver rates (gold rates per 10 gm/ silver rates per kg)
GOLD: Rs 30,930 (+230) / SILVER: Rs 44,400 (770)
GOLD: Rs 29,880/ SILVER: Rs 44,140
GOLD: Rs 30,300/ SILVER: Rs 44,050
GOLD: Rs 30,624/ SILVER: Rs 44,600
GOLD: Rs 30,800/ SILVER: Rs 44,700