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Home / Business News / Spot gold prices in India witness growth of 0.02% since Tuesday

Spot gold prices in India witness growth of 0.02% since Tuesday

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

business Updated: Sep 23, 2020, 13:28 IST
HT Analytics
HT Analytics
HT Analytics
In global markets, gold prices continued its downtrend today with a fall in the previous session as well. Spot gold fell by 0.68% to $1887.3 per Troy ounce.
In global markets, gold prices continued its downtrend today with a fall in the previous session as well. Spot gold fell by 0.68% to $1887.3 per Troy ounce.(Reuters file photo. Representative image)

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to Rs. 50,640 from Rs. 50,630. Although, It was also lower than the previous week average of Rs. 51,152.86 by 1.0%.

The spot gold prices in India(Rs.50,640) witnessed a growth of 0.02%, despite global gold prices($1887.3) saw a drop of 0.68%.

Gold and other precious metals on Sep 23, 2020

In global markets, gold prices continued its downtrend today with a fall in the previous session as well. Spot gold fell by 0.68% to $1887.3 per Troy ounce. This price level is 3.0% lower than average gold price observed in the past 30 days ($1943.9). Among other precious metals, silver prices saw a fall today. Silver plunged 3.51% to $23.5 per Troy ounce.

Further, platinum price has suffered. The precious metal platinum fell 0.52% to $864.0 per Troy ounce. Meanwhile in India, gold was priced at Rs. 49,999 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. 50,640 . 

MCX Gold on Sep 23, 2020

On MCX, silver futures plunged nearly 3.0% or Rs.1769.01 per kg to the price level of Rs. 58,967 per kg. The gold spot price today (Rs. 50,640) increased by Rs. 0.0 from yesterday (Rs. 50,630), whereas global spot prices saw a downturn of $12.0 to $1887.3 value today. No change was seen in MCX future price as of today, and had a value of Rs. 49,999.

Currency Exchange Rate on Sep 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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