Gold rate grows by 0.02%; silver plunges to Rs 1,961.26
The spot gold price today(Rs 51,360) is lower than this week's average of Rs 51,757.14 by 0.77%. The price was also higher than yesterday's value of Rs 51350.
The spot gold prices in India(Rs 51,360 witnessed a growth of 0.02%, despite global gold prices($1927.9) saw a drop of 0.03%.
Gold and other precious metals on August 26, 2020
In global markets, gold prices showed downtrend today after a stable previous session. Spot gold fell by 0.03% to $1927.9 per Troy ounce. This price level is 2.29% lower than average gold price observed in the past 30 days ($1972). Among other precious metals, silver prices saw a fall today. Silver plunged 0.57% to $26.4 per Troy ounce.
Further, platinum price has suffered. The precious metal platinum fell 0.11% to $929 per Troy ounce. Meanwhile in India, gold was priced at Rs 51,130 per 10 gram on MCX, with a change of Rs 194.29. Also, the price of 24k gold in the Indian spot market was quoted at Rs 51,360
MCX Gold on August 26, 2020
On MCX, gold futures prices in India showed an upsurge of 0.38% to Rs 51130.0 per 10 gram. In the previous session, gold was down 0.87% or about Rs 194.29 per 10 gram. On MCX, silver futures grew nearly 0.97% or Rs 625.05 per kg to the price level of Rs 64,438 per kg.
The gold spot price today (Rs 51,360) increased by Rs 194.29 from yesterday (Rs 51,350), whereas global spot prices saw a downturn of $0.5 to $1927.9 value today. MCX future price saw an increase of Rs 194.29 and value of Rs 51,130 as of today.
Currency Exchange Rate on August 26, 2020
The dollar to rupee conversion today increased to Rs 74.3 as compared to previous close of Rs 74.2. The rise of dollar against rupee might influence gold's rate today reflecting a higher gold price in the domestic markets.