An increase of 0.02% in the spot price of gold in India has been observed since yesterday, bringing the value to ₹47980 from ₹47970. Although, it was also lower than the previous week’s average of ₹48142.9 by 0.34%.
Indian gold spot price to date is ₹47980 which increased by 0.02%; the rate was lower than the global spot gold growth rate of 0.18%. The worldwide spot price is $1816.7.
Gold and other precious metals on Friday August 06, 2021
Gold prices continued their uptrend today from yesterday in the global market. Spot gold rose 0.18% to $1,816.7 per troy ounce. This price level is 4.24% higher than the average gold price seen over the past 30 days ($1739.7). Among other precious metals, silver prices fell today. Silver plunged 0.06% to $25.2 per Troy ounce.
Moreover, the price of platinum showed a slight increase. Platinum, a precious metal, rose 0.05% to hit $1,078.0 per Troy ounce. Meanwhile, in India, the price of gold was ₹47505 per 10 grams on MCX, with a change of ₹451.3. In addition, the price of 24 karat gold in the Indian spot market was quoted at ₹47980 .
MCX Gold on Friday, August 06, 2021
Gold prices in India plunged today with MCX futures down 0.95% at ₹47505 per 10 grams. In the previous session, gold was up 0.18%, or around ₹451.3 for 10 grams.
On MCX, silver futures plunged nearly 0.33% or ₹221.2 per kg at the price level of ₹67020 per kg.
The spot price of gold today ( ₹47980) increased by ₹451.3 from yesterday ( ₹47970), as well as global spot price growth of $3.25 to $1,816.7 today. However, the trend seen in the MCX futures price had a decrease of ₹451.3 and value of ₹47505 to date.
Exchange rates for Friday 06 August 2021
The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the price of gold would not suggest any relationship to the value of the dollar.