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Home / Business News / Gold price record new high after dropping in previous session, silver climbs up as well

Gold price record new high after dropping in previous session, silver climbs up as well

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

business Updated: Jul 31, 2020 12:52 IST
HT Analytics
HT Analytics
HT Analytics
In global markets, gold prices moved higher today after a stable previous day session.
In global markets, gold prices moved higher today after a stable previous day session.(HT File Photo)

The spot gold price today(Rs 52,110) is higher than this week's average of Rs. 51,690 by 0.81%. The price was higher than yesterday's value of Rs. 52,100.

The Indian spot gold price as of today is Rs. 52,110 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.77%. The global spot price is $1971.0.

Gold and other precious metals on July 31, 2020

In global markets, gold prices moved higher today after a stable previous day session. Spot gold rose by 0.77% to 1971.0$ Gold per Troy ounce. This price level is 7.07% higher than average gold price observed in the past 30 days ($1831.6). Among other precious metals, silver prices edged higher today. Silver gained 0.7% to $23.7 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.44% to $911.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 53,452 per 10 gram on MCX, with a change of Rs. 470.38. Also, the price of 24k gold in the Indian spot market was quoted at Rs. 52,110 . 

MCX Gold on July 31, 2020

On MCX, gold futures prices in India showed an upsurge of 0.88% to Rs. 53,452 per 10 gram. In the previous session, gold was down 0.42% or about Rs. 470.38 per 10 gram. On MCX, silver futures grew nearly 1.57% or Rs. 1000.67 per kg to the price level of Rs. 63,737 per kg.

The gold spot price today (Rs. 52,110) increased by Rs. 470.38 from yesterday (Rs. 52,100), along with global spot prices growth of $15.0 to $1971.0 value today. Similar trend was observed in MCX future price with an increase of Rs. 470.38 and value of Rs. 53,452 as of today.

Currency Exchange Rate on July 31, 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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