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Gold prices go up in today’s session, silver rate jumps as well

Get latest update on daily spot gold prices, currency exchange rates and other precious metal rates in India

Updated on: Aug 10, 2020, 17:38:12 IST
HT Analytics | By
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An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to 55,270 from 55,260. It was also higher than the previous week average of 54,825.71 by 0.81%.

A salesman displays gold bars inside a jewellery shop in Hyderabad. (Reuters File Photo)
A salesman displays gold bars inside a jewellery shop in Hyderabad. (Reuters File Photo)

The spot gold prices in India( 552,70) witnessed a growth of 0.02%, despite global gold prices($2029.1) saw a drop of 0.34%.

Gold and other precious metals on August 10, 2020

Global spot prices continued to fall as per the current close with a value of $2029.1 per Troy ounce. The total downturn being of -0.34%. This price level is 6.67% higher than average gold price observed in the past 30 days ($1893.7). Among other precious metals, silver prices saw a fall today. Silver plunged 1.18% to $28.0 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.99% to $973.5 per Troy ounce. Meanwhile in India, gold was priced at 55,230 per 10 gram on MCX, with a change of Rs. 215.4. Also, the price of 24k gold in the Indian spot market was quoted at Rs. 55,270 .

MCX Gold on August 10, 2020

On MCX, gold futures prices in India showed an upsurge of 0.39% to Rs. 55,230 per 10 gram. In the previous session, gold was down 1.96% or about Rs. 215.4 per 10 gram. On MCX, silver futures grew nearly 1.12% or Rs. 839.38 per kg to the price level of Rs. 74,945 per kg.

The gold spot price today (Rs. 55,270) increased by Rs. 215.4 from yesterday (Rs. 55,260), whereas global spot prices saw a downturn of $6.89 to $2029.1 value today. MCX future price saw an increase of Rs. 215.4 and value of Rs. 55,230 as of today.

Currency Exchange Rate on August 10, 2020

The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the gold price would suggest no relation with the dollar value.

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