IND USA
Copyright © HT Digital Streams Ltd. All rights reserved.
Home / Business / Spot gold price in India increases despite no change in global gold prices
In global markets, gold prices remained stable today after a fall in the previous session.(Reuters)
In global markets, gold prices remained stable today after a fall in the previous session.(Reuters)
business

Spot gold price in India increases despite no change in global gold prices

Get latest update on daily spot gold prices, currency exchange rates and other precious metal rates in India
READ FULL STORY
By HT Analytics | HT Analytics
UPDATED ON DEC 01, 2020 10:34 AM IST

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs. 48250.0 from Rs. 48240.0. Although, It was also lower than the previous week average of Rs. 48,748.5714285714 by 1.02%.

The spot gold price in India(Rs. 48,250.0) increased by 0.02%, despite of no change in the global gold price($1785.0).

Gold and other precious metals on Dec 01, 2020

In global markets, gold prices remained stable today after a fall in the previous session. Spot gold was priced at $1785.0 per Troy ounce. This price level is 4.81% lower than average gold price observed in the past 30 days ($1870.8). Among other precious metals, silver prices edged higher today. Silver gained 1.0% to $22.0 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 1.0% to $985.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 48,184.0 per 10 gram on MCX, with a change of Rs. 0.0. Also, the price of 24k gold in the Indian spot market was quoted at Rs. 48,250.0 . 

MCX Gold on Dec 01, 2020

On MCX, gold futures prices in India jumped 0.19% to Rs. 50,858.0 per 10 gram. In the previous session, gold was up 1.29% or about Rs. 96.63 per 10 gram.

On MCX, silver futures grew nearly 1.0% or Rs. 609.66 per kg to the price level of Rs. 60966.0 per kg.

The gold spot price today (Rs. 48,250.0) increased by Rs. 0.0 from yesterday (Rs. 48240.0), whereas global spot prices was steady at $1785.0 value today. No change was seen in MCX future price as of today, and had a value of Rs. 48184.0.

Currency Exchange Rate on Dec 01, 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.

SHARE THIS ARTICLE ON
Topics
Gold Metal
app
Close
e-paper
PVR said even post reopening, the combination of staggered state wide reopening, capacity restrictions and limited movie releases impacted the admit levels while costs continue to be incurred.( Harsimar Pal Singh/Hindustan Times)
PVR said even post reopening, the combination of staggered state wide reopening, capacity restrictions and limited movie releases impacted the admit levels while costs continue to be incurred.( Harsimar Pal Singh/Hindustan Times)
business

PVR reports net loss of ₹49 crore in Q3

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:03 PM IST
Revenue from operations during the period under review stood at ₹45.10 crore, down 95.04 per cent from ₹915.74 crore in the corresponding quarter a year ago.
READ FULL STORY
Close
The regulator made it clear that carrying passengers as well as cargo in the passenger compartment at the same time is not allowed.(Representative image)
The regulator made it clear that carrying passengers as well as cargo in the passenger compartment at the same time is not allowed.(Representative image)
business

DGCA issues guidelines on carrying cargo in passenger compartment of aircraft

PTI, New Delhi
UPDATED ON JAN 15, 2021 07:44 PM IST
"Operator intending to carry cargo in passenger compartment shall apply to DGCA at least 10 days prior to the proposed commencement of operations," the regulator said in its guidelines.
READ FULL STORY
Close
With less than five weeks before the UK’s transition period ends, Brexit negotiations are in their final stages.(AP file photo)
With less than five weeks before the UK’s transition period ends, Brexit negotiations are in their final stages.(AP file photo)
business

Stuck in Kent: How Brexit red tape strangled cross-border trade

Bloomberg
UPDATED ON JAN 15, 2021 07:30 PM IST
Britain’s logistics industry had warned that businesses would need to hire an additional 50,000 workers to process the 200 million extra customs forms that will be required annually after Brexit.
READ FULL STORY
Close
A coronavirus information sign is displayed by a bus stop in London. (AP Photo)
A coronavirus information sign is displayed by a bus stop in London. (AP Photo)
business

UK prepares for another recessions as lockdowns cripple economy

AP, London
PUBLISHED ON JAN 15, 2021 07:09 PM IST
  • Because of the November fall, the economy is set to contract again in the fourth quarter.
READ FULL STORY
Close
The headquarters of European Central Bank (ECB) is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach(REUTERS)
The headquarters of European Central Bank (ECB) is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach(REUTERS)
business

Banks in Europe yet to fully feel pandemic’s impact, warns ECB

Bloomberg
PUBLISHED ON JAN 15, 2021 04:19 PM IST
A key challenge is that companies propped up by government support measures in 2020 could find themselves in vulnerable financial positions as those programs are withdrawn.
READ FULL STORY
Close
The committee members comprise four RBI officials and two external experts.(Photo: Mint)
The committee members comprise four RBI officials and two external experts.(Photo: Mint)
business

RBI drains ₹2 trillion in a bid to nudge shorter rates higher

Bloomberg
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.
READ FULL STORY
Close
The company board also declared an interim dividend of 25 per cent ( <span class='webrupee'>₹</span>2.50 per share) for financial year 2020-21.(Mint file photo)
The company board also declared an interim dividend of 25 per cent ( ₹2.50 per share) for financial year 2020-21.(Mint file photo)
business

GAIL announces ₹1,046.35 crore share buyback

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 03:25 PM IST
The government has asked at least eight state-run companies to consider share buybacks as it scours for ways of raising funds to rein in its fiscal deficit.
READ FULL STORY
Close
A person walks along a train platform at Waterloo station, amid the coronavirus disease (Covid-19) outbreak, in London, Britain.(REUTERS)
A person walks along a train platform at Waterloo station, amid the coronavirus disease (Covid-19) outbreak, in London, Britain.(REUTERS)
business

UK economy pushed into reverse by November lockdown

Reuters
PUBLISHED ON JAN 15, 2021 03:03 PM IST
The 2.6% monthly decline was much smaller than most analysts expected - a Reuters poll had pointed to a 5.7% contraction - but several economists said Britain was still likely to suffer a double-dip recession.
READ FULL STORY
Close
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. - US stocks on January 11. 2021 retreated from records set last week as political uncertainty, including efforts to remove President Donald Trump from power, has finally shaken investors. (Photo by Angela Weiss / AFP)(AFP)
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. - US stocks on January 11. 2021 retreated from records set last week as political uncertainty, including efforts to remove President Donald Trump from power, has finally shaken investors. (Photo by Angela Weiss / AFP)(AFP)
business

World shares follow Wall St lower as traders mull Joe Biden plan

AP
UPDATED ON JAN 15, 2021 02:57 PM IST
U.S. futures lost ground after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close.
READ FULL STORY
Close
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group.(Reuters File Photo)
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group.(Reuters File Photo)
business

Ant is working on timetable for overhaul: Chinese central bank

Bloomberg
UPDATED ON JAN 15, 2021 02:44 PM IST
China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to go to assuage Beijing.
READ FULL STORY
Close
Xiaomi Corp. smartphones and tech products on display inside the AliExpress plaza retail store, operated by Alibaba Group Holding Ltd., in Barcelona, Spain(Bloomberg)
Xiaomi Corp. smartphones and tech products on display inside the AliExpress plaza retail store, operated by Alibaba Group Holding Ltd., in Barcelona, Spain(Bloomberg)
business

Trump’s Move Cost Bosses at China Tech Giant $4.5 Billion

Bloomberg
PUBLISHED ON JAN 15, 2021 02:29 PM IST
The Trump administration’s surprising blacklisting of Xiaomi Corp. is costing its top executives big bucks.
READ FULL STORY
Close
Retailers on their way to their shops at Saban Bazaar in Ludhiana on Tuesday. (Gurpreet Singh/HT)
Retailers on their way to their shops at Saban Bazaar in Ludhiana on Tuesday. (Gurpreet Singh/HT)
business

RAI urges govt to allow retailers to register under MSMEs

PTI, New Delhi
PUBLISHED ON JAN 15, 2021 01:43 PM IST
The USD 854 billion Indian retail sector was one of the worst impacted due to the pandemic.
READ FULL STORY
Close
Weaker domestic firms have been the biggest beneficiaries of unprecedented fiscal stimulus and record-low benchmark interest rates delivered by the central bank to support Asia’s third-biggest economy.(Bloomberg)
Weaker domestic firms have been the biggest beneficiaries of unprecedented fiscal stimulus and record-low benchmark interest rates delivered by the central bank to support Asia’s third-biggest economy.(Bloomberg)
business

Borrowing costs for firms jump on RBI's steps to drain cash

Bloomberg
PUBLISHED ON JAN 15, 2021 01:21 PM IST
The surge comes after the RBI announced plans last week to restore normalcy to liquidity operations in markets in a phased manner.
READ FULL STORY
Close
The USTR said Snapdeal remains a concern for right holders who report that the volume of counterfeit products on this platform has increased over the past year.(Reuters file photo)
The USTR said Snapdeal remains a concern for right holders who report that the volume of counterfeit products on this platform has increased over the past year.(Reuters file photo)
business

Snapdeal, 4 Indian shopping complexes figure in US Notorious Markets List

By hindustantimes.com | PTI, Washington
UPDATED ON JAN 15, 2021 12:42 PM IST
Snapdeal, four Indian shopping complexes figure in US Notorious Markets List.
READ FULL STORY
Close
Covid-19 vaccine breakthroughs and a recent pledge by Saudi Arabia to deepen output cuts has driven oil 50% higher since the end of October.(Reuters file photo)
Covid-19 vaccine breakthroughs and a recent pledge by Saudi Arabia to deepen output cuts has driven oil 50% higher since the end of October.(Reuters file photo)
business

Oil retreats from 10-month high as stronger dollar dents rally

By hindustantimes.com | Bloomberg
PUBLISHED ON JAN 15, 2021 12:07 PM IST
Crude is still set for the 10th weekly increase in eleven weeks, even after prices climbed into overbought territory.
READ FULL STORY
Close
SHARE
Copy

Sign In to continue reading

Get free access to newsletters, alerts and recommendations

SIGN IN
Don’t have an account? Sign Up
Story Saved
OPEN APP