The price of spot gold today( ₹ 48490) is above the average for this week of ₹48038.6 by 0.94%. The price was higher than yesterday’s value of ₹48480.
Spot Gold Prices in India( ₹48490) rose 0.02%, despite a 0.14% drop in world gold prices ($1,826.9).
Gold and other precious metals on Friday, July 16, 2021
Global spot prices fell at the current close with a value of $1826.9 per Troy ounce. The total drop being -0.14%. This price level is 4.77% higher than the average gold price seen over the past 30 days ($1739.7). Among other precious metals, silver prices fell today. Silver plunged 1.63% to $26.4 a Troy ounce.
In addition, the price of platinum suffered. Platinum, a precious metal, fell 0.26% to $1,139.0 per Troy ounce. Meanwhile, in India, the price of gold was ₹48315 per 10 grams on MCX, with a change of ₹43.5. In addition, the price of 24 karat gold in the Indian spot market was quoted at ₹48490 .
MCX Gold on Friday, July 16, 2021
Gold prices in India plunged today with MCX futures down 0.09% to ₹48315 per 10 grams. In the previous session, gold was up 0.19%, or around ₹43.5 for 10 grams.
On MCX, silver futures rose nearly 0.19% or ₹132.8 per kg at the price level of ₹69915 per kg.
The spot price of gold today ( ₹48490) increased by ₹43.5 from yesterday ( ₹48480), as global spot prices saw a decline of $2.55 to $1,826.9 today. However, the trend seen in the MCX futures price had a decrease of ₹43.5 and value of ₹48315 to date.
Exchange rates for Friday, July 16, 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.