Gold prices in India went up to Rs 50,070(BLOOMBERG NEWS)
Gold prices in India went up to Rs 50,070(BLOOMBERG NEWS)

Gold rate goes up to Rs 50,070, silver gains 2.43%

The Indian spot gold price as of today is Rs 50,070 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 1.19%. The global spot price is $1921.3.
HT Analytics | By HT Analytics
UPDATED ON JAN 04, 2021 11:05 AM IST

Spot gold prices in India(Rs 50,070) have increased since yesterday(Rs 50,060). Also, it was above the average gold price observed this week (Rs 50,028.57) by 0.08%.

The Indian spot gold price as of today is Rs 50,070 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 1.19%. The global spot price is $1921.3.

Gold and other precious metals on Jan 04, 2021

Global spot prices continued to grow as per the current close with a value of $1,921.3 per Troy ounce. The total growth being of 1.19%. This price level is 2.77% higher than average gold price observed in the past 30 days ($1,868). Among other precious metals, silver prices edged higher today. Silver gained 2.43% to $27 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 2.28% to $1,099 per Troy ounce. Meanwhile in India, gold was priced at Rs 50,794 per 10 gram on MCX, with a change of Rs 507.94. Also, the price of 24k gold in the Indian spot market was quoted at Rs 50,070 . 

MCX Gold on Jan 04, 2021

On MCX, gold futures prices in India jumped 0.19% to Rs 50,858 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 2% or Rs 1,388.3 per kg to the price level of Rs 69,415 per kg.

The gold spot price today (Rs 50,070) increased by Rs 507.94 from yesterday (Rs 50,060), along with global spot prices growth of $22.0 to $1,921.3 value today. Similar trend was observed in MCX future price with an increase of Rs 507.94 and value of Rs 50,794 as of today.

Currency Exchange Rate on Jan 04, 2021

The dollar to rupee conversion today improved to Rs 72 as compared to previous close of Rs 73. The fall of dollar against rupee might influence gold's rate today reflecting a lower gold price in the domestic markets.

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