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Home / Business News / Gold spot price at Rs 50,350, lower than week’s average by 1.38%

Gold spot price at Rs 50,350, lower than week’s average by 1.38%

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

business Updated: Sep 04, 2020 12:53 IST
HT Analytics
HT Analytics
HT Analytics
Gold, Silver and other precious metal prices in India on Sep 04, 2020
Gold, Silver and other precious metal prices in India on Sep 04, 2020(Reuters)

The spot gold price on Friday (Rs 50,350) is lower than this week's average of Rs 51,055.71 by 1.38%. The price was also higher than yesterday's value of Rs 50,340.

The Indian spot gold price as of today is Rs 50,350 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.33%. The global spot price is $1936.6.

Gold and other precious metals on September 04, 2020

In global markets, gold prices moved higher today after a fall in the previous session. Spot gold rose by 0.33% to $1936.6 Gold per Troy ounce. This price level is 1.75% lower than average gold price observed in the past 30 days ($1970.5). Among other precious metals, silver prices edged higher today. Silver gained 0.36% to $26.7 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.73% to $899.5 per Troy ounce. Meanwhile in India, gold was priced at Rs 50952 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 50350. 

MCX Gold on September 04, 2020

On MCX, silver futures remained stable at Rs 66,800 per kg. The gold spot price today (Rs 50,350) increased by Rs 0.0 from yesterday (Rs 50,340), along with global spot prices growth of $6.0 to $1936.6 value today. No change was seen in MCX future price as of today, and had a value of Rs 50952.

Currency Exchange Rate on September 04, 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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