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Aug 01, 2014, 01.43 PM IST | Source: Moneycontrol.com

Gold rates today: Latest updates on gold prices

Gold prices were trading lower in major metros of India on Friday. In Chennai market, prices of 24-carat gold per 10 gram shed by Rs 60 at Rs 28280 and rates of 22-carat were down by Rs 60 at Rs 26440.

Gold held near a six-week low on Friday and was on track for a third straight weekly loss as US economic optimism offset any safe-haven demand from geopolitical tensions.

The optimism stemming from a string of strong US data is likely to increase as the July nonfarm payrolls report scheduled for release later in the day is expected to show the world's top economy maintaining a solid pace of jobs growth, reported Reuters.

Gold prices on MCX were trading higher on Friday. At 13:35 hrs MCX Gold August contract was trading at Rs 27855 up Rs 37, or 0.13 percent.

The Gold rate touched an intraday high of Rs 27863 and an intraday low of Rs 27798. So far 469 contracts have been traded. Gold prices have moved down Rs 1445, or 4.93 percent in the August series so far.

Spot gold rates in major cities of India

Chennai

Prices of 24-carat gold per 10 gram shed by Rs 60 at Rs 28280 and rates of 22-carat were down by Rs 60 at Rs 26440.

Mumbai

Prices of 24-carat gold per 10 gram declined by Rs 60 at Rs 28200 and rates of 22-carat slipped by Rs 60 at Rs 26630.

Delhi

Prices of 24-carat gold per 10 gram were down by Rs 60 at Rs 28330 and rates of 22-carat fell by Rs 50 at Rs 26750.

Kolkata

Prices of 24-carat gold per 10 gram shed by Rs 60 at Rs 28300 and rates of 22-carat shed by Rs 50 at Rs 26750.

Hyderabad

Prices of 24-carat gold per 10 gram were down by Rs 60 at Rs 28350 and rates of 22-carat were down by Rs 50 at Rs 26810.

Bangalore

Prices of 24-carat gold per 10 gram slipped by Rs 60 at Rs 28280 and rates of 22-carat slipped by Rs 50 at Rs 26730.

City 24-Carat (Rs) Change (Rs) 22-Carat (Rs) Change (Rs)
Chennai 28280 -60 26440 -60
Mumbai 28200 -60 26630 -60
Delhi 28330 -60 26750 -50
Kolkata 28300 -60 26750 -50
Hyderabad 28350 -60 26810 -50
Bangalore 28280 -60 26730 -50
 

 

 

 

 

 

C lick here for all other information on gold

Disclaimer: These are only indicative spot market prices obtained from market sources. Investors are advised to confirm the rates before buying or selling as actual prices may vary. Moneycontrol.com will not responsible for any loss incurred by acting on these prices.

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