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Home / Business News / Indian spot gold rate and silver price on Oct 23, 2020

Indian spot gold rate and silver price on Oct 23, 2020

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

business Updated: Oct 23, 2020, 10:23 IST
HT Analytics
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Gold, Silver and other precious metal prices in India on Oct 23, 2020
Gold, Silver and other precious metal prices in India on Oct 23, 2020(Reuters)

The spot gold price today(Rs. 51110.0) is higher than this week's average of Rs. 50842.86 by 0.53%. The price was higher than yesterday's value of Rs. 51100.0.

Although the gold price in both global($1905.2) as well as Indian market(Rs. 51110.0) experienced a growth, the spot gold prices in Indian market grew by a lesser rate of 0.02% as compared to Global gold prices of 0.06%.

Gold and other precious metals on Oct 23, 2020

Global spot prices continued to grow as per the current close with a value of $1905.2 per Troy ounce. The total growth being of 0.06%. This price level is 0.45% higher than average gold price observed in the past 30 days ($1896.6). Among other precious metals, silver prices saw a fall today. Silver plunged 0.45% to $24.6 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.4% to $889.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 50790.0 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. 51110.0 . 

MCX Gold on Oct 23, 2020

Gold prices in India remained stable today with futures on MCX quoted at Rs. 50790.0 per 10 gram. In the previous session, gold was down 1.0% or about Rs. 0.0 per 10 gram.

On MCX, silver futures remained stable at Rs. 62537.0 per kg.

The gold spot price today (Rs. 51110.0) increased by Rs. 0.0 from yesterday (Rs. 51100.0), along with global spot prices growth of $1.0 to $1905.2 value today. No change was seen in MCX future price as of today, and had a value of Rs. 50790.0.

Currency Exchange Rate on Oct 23, 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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