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.
Bank of England dismisses talk of inflation threat during post-Covid rebound
Govt clears ₹7,350-cr PLI booster for production of laptops, tablets, PCs
'Govt has no business to be in business': PM Modi bats for privatisation
- Reiterating his government’s stance on privatisation, the Prime Minister said, “We have made it clear in the new public sector enterprise policy that government will have limited role in only four strategic sectors and all other public sector units can be privatised.”
India's corporate bond mkt can double to ₹65-70 lakh cr by March 2025: Crisil
Tesla shares rally in premarket trading on ‘buy the dip’ bounce
Elon Musk’s Starlink to be game changer for telecommunications sector
Centre lifts embargo on grant of govt businesses to private banks
Sensex zooms 1,030 points; Nifty tops 14,950
GAIL share buyback offer to open on February 25: All you need to know
Sensex rallies over 500 pts; Nifty tops 14,850 after trade resumption
- After resumption of trade at 3.45 pm, NSE Nifty was quoting 152.95 points or 1.04 per cent up at 14,860.75.
Biden rushes to address global computer chip shortage via latest executive order
- The scarcity, exacerbated by the pandemic, will be the subject when Biden meets a bipartisan group of US lawmakers on Wednesday to discuss the issue.
Barbie’s pandemic sales boom followed yearslong revamp at Mattel
Hyundai Motor to replace battery systems in 82,000 EVs in recall worth $900 mil
NSE, BSE extend trading hours till 5pm today. Here's why
- Earlier in the day, NSE had halted trading in its cash and derivative segments at 11.40 am, due to issues with telecom links of its two service providers.
