Gold price today: Live updates
Spot gold rates per 10 grams advanced in major metros in India. In Mumbai market, Standard gold (995 purity) was up by Rs 235 at Rs 27555 and pure gold (999 purity) was up by Rs 515 at Rs 27695.
April 26, 2013 / 14:27 IST
Moneycontrol Bureau
Spot gold rates per 10 grams continued to firm up in key markets Friday on the bet that the recent correction offers a good bargain. Prices of gold futures on MCX too were trading firm, reflecting a positive outlook on the yellow metal. "Usually, gold tends to do well when you have a risk of a global financial meltdown. The second reason why gold could go higher is because there could be a scare about global inflation because of very easy monetary policy in the US, in Japan, even in other central banks in advanced economies," noted economist Nouriel Roubini said in an interview to CNBC-TV18 on Wednesday.MumbaiStandard gold (995 purity) was up by Rs 235 at Rs 27555 and pure gold (999 purity) was up by Rs 515 at Rs 27695.DelhiStandard gold (995 purity) was up by Rs 200 at Rs 28000 and pure gold (999 purity) was up by Rs 200 at Rs 28200.ChennaiStandard gold (995 purity) was up by Rs 500 at Rs 28050 and pure gold (999 purity) was up by Rs 500 at Rs 28200.AhmedabadStandard gold (995 purity) was up by Rs 375 at Rs 27170 and pure gold (999 purity) was up by Rs 375 at Rs 27295.Click here for all other information on gold Disclaimer: These are only indicative spot market prices obtained from market sources from various cities by commoditiescontrol.com. Investors are advised to confirm the rates before buying or selling as actual prices may vary.
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