Indian spot gold prices up since Tuesday; global gold prices remain stable
Spot gold prices in India(Rs 47,930.0) have increased since yesterday(Rs 47,920.0). Although, it was lower than the average gold price observed this week (Rs 48,298.57) by 0.76%.
The spot gold price in India(Rs 47930.0) increased by 0.02%, despite of no change in the global gold price($1810.0).
Gold and other precious metals on Dec 02, 2020
In global markets, gold prices remained stable today after a uptick in the previous session. Gold was priced at $1810.0 per Troy ounce. This price level is 3.14% lower than average gold price observed in the past 30 days ($1866.8). Among other precious metals, silver prices saw a fall today. Silver plunged 1.0% to $23.0 per Troy ounce.
The precious metal platinum prices remained stable at $991.0 per Troy ounce. Meanwhile in India, gold was priced at Rs 48467.0 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 47930.0 .
MCX Gold on Dec 02, 2020
Gold prices in India remained stable today with futures on MCX quoted at Rs 48,467.0 per 10 gram. In the previous session, gold was up 1.0% or about Rs 0.0 per 10 gram.
On MCX, silver futures remained stable at Rs 62593.0 per kg.
The gold spot price today (Rs 47,930.0) increased by Rs 10.0 from yesterday (Rs 47,920.0), whereas global spot prices was steady at $1810.0 value today. No change was seen in MCX future price as of today, and had a value of Rs 48,467.0.
Currency Exchange Rate on Dec 02, 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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- Because of the November fall, the economy is set to contract again in the fourth quarter.