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Home / Business News / Gold price rises to Rs 50,910; higher than previous week average

Gold price rises to Rs 50,910; higher than previous week average

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

business Updated: Sep 15, 2020 14:43 IST
HT Analytics
HT Analytics
HT Analytics
Gold price in India.
Gold price in India.(Reuters)

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs 50,910 from Rs. 50,900 It was also higher than the previous week average of Rs 50,591.43 by 0.63%.

The Indian spot gold price as of today is Rs 50,910 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.44%. The global spot price is $1,965.3.

Gold and other precious metals on Sep 15, 2020

Global spot prices continued to grow as per the current close with a value of $1,965.3 per Troy ounce. The total growth being of 0.44%. This price level is 0.92% higher than average gold price observed in the past 30 days ($1, 947.2). Among other precious metals, silver prices edged higher today. Silver gained 1.05% to $27.4 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.73% to $965.5 per Troy ounce. Meanwhile in India, gold was priced at Rs. 51,932 per 10 gram on MCX, with a change of zero rupees. Also, the price of 24k gold in the Indian spot market was quoted at Rs 50,910. 

MCX Gold on Sep 15, 2020

On MCX, silver futures remained stable at Rs 69,309.0 per kg. The gold spot price today (Rs 50,910) increased by Rs 10 from yesterday (Rs. 50,900), along with global spot prices growth of $8.0 to $1,965.3 value today. No change was seen in MCX future price as of today, and had a value of Rs 51,932.

Currency Exchange Rate on Sep 15, 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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