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Home / Business News / Spot gold price rises today to Rs 50,860

Spot gold price rises today to Rs 50,860

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

business Updated: Nov 20, 2020, 10:20 IST
HT Analytics
HT Analytics
HT Analytics
The spot gold price was at Rs 50,860 and lower than this week's average of Rs 50,885.
The spot gold price was at Rs 50,860 and lower than this week's average of Rs 50,885.(Reuters)

The spot gold price today(Rs. 50860.0) is lower than this week's average of Rs. 50885.7142857143 by 0.05%. The price was also higher than yesterday's value of Rs. 50850.0.

The spot gold price in India(Rs. 50860.0) increased by 0.02%, despite of no change in the global gold price($1866.0).

Gold and other precious metals on Nov 20, 2020

In global markets, gold prices remained stable today after a fall in the previous session. Spot gold was priced at $1866.0 per Troy ounce. This price level is 1.6% lower than average gold price observed in the past 30 days ($1895.8). 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 $954.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 50170.0 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. 50860.0 . 

MCX Gold on Nov 20, 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. 61790.0 per kg.

The gold spot price today (Rs. 50860.0) increased by Rs. 0.0 from yesterday (Rs. 50850.0), whereas global spot prices was steady at $1866.0 value today. No change was seen in MCX future price as of today, and had a value of Rs. 50170.0.

Currency Exchange Rate on Nov 20, 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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