Spot gold price drops slightly lower to Rs 50,890

Get latest update on daily spot gold prices, currency exchange rates and other precious metal rates in India
Gold, Silver and other precious metal prices in India on Nov 19, 2020(Reuters)
Gold, Silver and other precious metal prices in India on Nov 19, 2020(Reuters)
Updated on Nov 19, 2020 10:35 AM IST
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The spot gold price today(Rs. 50890.0) is higher than this week's average of Rs. 50874.2857142857 by 0.03%. The price though was lower than yesterday's value of Rs. 50940.0.

The global gold price($1868.0) had no change, yet the spot gold price in Indian market(Rs. 50890.0) saw a dip of 0.1%.

Gold and other precious metals on Nov 19, 2020

In global markets, gold prices remained stable today after a fall in the previous session. Spot gold was priced at $1868.0 per Troy ounce. This price level is 1.55% lower than average gold price observed in the past 30 days ($1897.0). Among other precious metals, silver prices has remained stable today. Silver was priced at $24.0 per Troy ounce.

The precious metal platinum prices remained stable at $942.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 50246.0 per 10 gram on MCX, with a change of Rs. 0.0. Also, the price of 24k gold in the Indian spot market was quoted at Rs. 50890.0 . 

MCX Gold on Nov 19, 2020

On MCX, gold futures prices in India jumped 0.19% to Rs. 50858.0 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. 62130.0 per kg.

The gold spot price today (Rs. 50890.0) decreased by Rs.0.0 from yesterday (Rs. 50940.0), whereas global spot prices was steady at $1868.0 value today. However, no change was seen in MCX future price with a value of Rs. 50246.0 as of today.

Currency Exchange Rate on Nov 19, 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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