Gold rate rises to Rs 51,060, silver falls 0.4%
Spot gold prices in India (Rs 51,060) have increased since yesterday (Rs 51,050). Also, it was above the average gold price observed this week (Rs 50,730) by 0.65%.
Although the global gold prices($1910) dropped by 0.16%, the spot gold prices in India(Rs 51,060) saw a growth of 0.02%.
Gold and other precious metals on Jan 08, 2021
Following yesterday's trend, global spot prices continued its fall today as well. It was clocked at $1,910 per Troy ounce in the latest close which noted a decrease of -0.16% over yesterday. This price level is 1.6% higher than average gold price observed in the past 30 days ($1,879.4). Among other precious metals, silver prices saw a fall today. Silver plunged 0.4% to $27.0 per Troy ounce.
Further, platinum price has suffered. The precious metal platinum fell 0.09% to $1,120.5 per Troy ounce. Meanwhile in India, gold was priced at Rs 50,759 per 10 gram on MCX, with a change of zero rupees. Also, the price of 24k gold in the Indian spot market was quoted at Rs 51,060 .
MCX Gold on Jan 08, 2021
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 remained stable at Rs. 69,590 per kg.
The gold spot price today (Rs 51,060) increased by zero rupees from yesterday (Rs 51,050), whereas global spot prices saw a downturn of $3 to $1,910 value today. No change was seen in MCX future price as of today, and had a value of Rs 50,759.
Currency Exchange Rate on Jan 08, 2021
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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