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Home / Business News / Gold price stable today at Rs 50,571 per 10 gram

Gold price stable today at Rs 50,571 per 10 gram

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

business Updated: Sep 22, 2020, 12:06 IST
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Gold, Silver and other precious metal prices in India on Sep 22, 2020
Gold, Silver and other precious metal prices in India on Sep 22, 2020(Reuters)

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs. 51310.0 from Rs. 51300.0. Although, It was also lower than the previous week average of Rs. 51384.29 by 0.14%.

The spot gold prices in India(Rs.51310.0) witnessed a growth of 0.02%, despite global gold prices($1910.8) saw a drop of 0.08%.

Gold and other precious metals on Sep 22, 2020

In global markets, gold prices continued its downtrend today with a fall in the previous session as well. Spot gold fell by 0.08% to $1910.8 per Troy ounce. This price level is 1.88% lower than average gold price observed in the past 30 days ($1946.7). Among other precious metals, silver prices saw a fall today. Silver plunged 0.93% to $24.7 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.4% to $889.5 per Troy ounce. Meanwhile in India, gold was priced at Rs. 50571.0 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. 51310.0 . 

MCX Gold on Sep 22, 2020

Gold prices in India remained stable today with futures on MCX quoted at Rs. 50571.0 per 10 gram. In the previous session, gold was down 2.0% or about Rs. 0.0 per 10 gram. On MCX, silver futures remained stable at Rs. 61720.0 per kg.

The gold spot price today (Rs. 51310.0) increased by Rs. 0.0 from yesterday (Rs. 51300.0), whereas global spot prices saw a downturn of $1.0 to $1910.8 value today. No change was seen in MCX future price as of today, and had a value of Rs. 50571.0.

Currency Exchange Rate on Sep 22, 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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