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Home / Business News / Gold rate rises by 0.02%; price at Rs 49,260

Gold rate rises by 0.02%; price at Rs 49,260

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

business Updated: Oct 01, 2020, 10:45 IST
HT Analytics
HT Analytics
HT Analytics
Gold prices have continued their uptrend today as compared to yesterday in the global market (REUTERS)
Gold prices have continued their uptrend today as compared to yesterday in the global market (REUTERS)

A 0.02% increase was seen in spot gold price in India since yesterday, taking the value from to Rs 49,260 from Rs 49,250. However, this is also 0.3% lower than this week’s average of Rs 49,410.

Also, although the gold price in both global ($1883.7) as well as Indian market (Rs 49,260) witnessed growth, the spot gold prices in Indian market grew by a lesser rate of 0.02% as compared to global gold prices of 0.14%.

Gold and other precious metals on Oct 01, 2020

Gold prices continued their uptrend today as compared to yesterday in the global market. Spot gold rose by 0.14% to $1883.7 per Troy ounce. This price level is 2.59% lower than average gold price observed in the past 30 days ($1932.4). Among other precious metals, silver prices edged higher today. Silver gained 2.78% to $23.6 per Troy ounce.

Further, platinum price has suffered. The precious metal platinum fell 0.56% to $880.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 50,081 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. 49,260. 

MCX Gold on Oct 01, 2020

On MCX, silver futures remained stable at Rs. 60,680 per kg. The gold spot price today (Rs. 49,260) increased by Rs. 0 from yesterday (Rs. 49250.0), along with global spot prices growth of $2.0 to $1883.7 value today. No change was seen in MCX future price as of today, and had a value of Rs. 50,081.

Currency Exchange Rate on Oct 01, 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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