Indian spot gold and silver rates continue to rise

Updated on Dec 16, 2020 12:16 PM IST

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

Gold, Silver and other precious metal prices in India on Dec 16, 2020(Reuters)
Gold, Silver and other precious metal prices in India on Dec 16, 2020(Reuters)
HT Analytics | ByHT Analytics

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs. 49210 from Rs. 49200. It was also higher than the previous week average of Rs. 49192.86 by 0.03%.

The Indian spot gold price as of today is Rs. 49210 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.19%. The global spot price is $1857.1.

Gold and other precious metals on Dec 16, 2020

Following yesterday's trend, global spot prices continued its growth today as well. It was clocked at $1857.1 per Troy ounce in the latest close which noted an increase of 0.19% over yesterday. This price level is 0.97% higher than average gold price observed in the past 30 days ($1839.1). Among other precious metals, silver prices edged higher today. Silver gained 0.65% to $24.7 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.67% to $1046.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 49545 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. 49210 . 

MCX Gold on Dec 16, 2020

Gold prices in India remained stable today with futures on MCX quoted at Rs. 49545 per 10 gram. In the previous session, gold was up 1% or about Rs. 0.0 per 10 gram.

On MCX, silver futures remained stable at Rs. 65118 per kg.

The gold spot price today (Rs. 49210) increased by Rs. 0.0 from yesterday (Rs. 49200), along with global spot prices growth of $3.0 to $1857.1 value today. No change was seen in MCX future price as of today, and had a value of Rs. 49545.

Currency Exchange Rate on Dec 16, 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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