FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo(Reuters)
FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo(Reuters)

Gold rate goes up to Rs 50,910, silver price gains 0.85%

Get latest update on daily spot gold prices, currency exchange rates and other precious metal rates in India
By HT Analytics | HT Analytics
UPDATED ON NOV 05, 2020 11:47 AM IST

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs 50,910 from Rs 50,900. Although, It was also lower than the previous week average of Rs 50,935.71 by 0.05%.

The Indian spot gold price as of today is Rs 50,910 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.15%. The global spot price is $1,907.1.

Gold and other precious metals on Nov 05, 2020

Global spot prices grew by 0.15% today which is opposite to yesterday's case. The final value in the current close being $1,907.1 per Troy ounce. This price level is 0.34% higher than average gold price observed in the past 30 days ($1,900.6). Among other precious metals, silver prices edged higher today. Silver gained 0.85% to $24.1 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.34% to $874 per Troy ounce. Meanwhile in India, gold was priced at Rs 51,245 per 10 gram on MCX, with a change of Rs 0. Also, the price of 24k gold in the Indian spot market was quoted at Rs 50,910 . 

MCX Gold on Nov 05, 2020

Gold prices in India remained stable today with futures on MCX quoted at Rs 51,245 per 10 gram. In the previous session, gold was down 1.0% or about Rs 0 per 10 gram.

On MCX, silver futures remained stable at Rs 61,980 per kg.

The gold spot price today (Rs 50,910) increased by Rs 0 from yesterday (Rs 50,900), along with global spot prices growth of $2.0 to $1,907.1 value today. No change was seen in MCX future price as of today, and had a value of Rs 51,245.

Currency Exchange Rate on Nov 05, 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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