Indian spot gold rate and silver price on Dec 30, 2020
The spot gold price today(Rs. 50230) is higher than this week's average of Rs. 49931.43 by 0.6%. The price was higher than yesterday's value of Rs. 50220.
The Indian spot gold price as of today is Rs. 50230 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.42%. The global spot price is $1885.8.
Gold and other precious metals on Dec 30, 2020
Gold prices continued their uptrend today as compared to yesterday in the global market. Spot gold rose by 0.42% to $1885.8 per Troy ounce. This price level is 1.57% higher than average gold price observed in the past 30 days ($1856.1). Among other precious metals, silver prices edged higher today. Silver gained 0.91% to $26.4 per Troy ounce.
Further, platinum price has shown an uptick. The precious metal platinum rose 0.71% to $1066.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 49838 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. 50230 .
MCX Gold on Dec 30, 2020
On MCX, gold futures prices in India jumped 0.19% to Rs. 50858.0 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% or Rs. 687.45 per kg to the price level of Rs. 68745 per kg.
The gold spot price today (Rs. 50230) increased by Rs. 0.0 from yesterday (Rs. 50220), along with global spot prices growth of $7.0 to $1885.8 value today. No change was seen in MCX future price as of today, and had a value of Rs. 49838.
Currency Exchange Rate on Dec 30, 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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- In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
- The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.