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Indian spot gold rate and silver price on Friday, May 28, 2021
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Friday, May 28, 2021
A decrease of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹47590 from ₹47600. However, It was higher than the previous week average of ₹47284.3 by 0.65%.
Global gold prices($1893.3) plummeted which was followed by spot gold prices in Indian market( ₹47590), although the fall in Indian market of 0.02% was lower than the fall in Global prices of 0.18%.
Gold and other precious metals on Friday, May 28, 2021
In global markets, gold prices moved lower today after an uptick in the previous session. Spot gold fell by 0.18% to $1893.3 per Troy ounce. This price level is 8.11% higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices saw a fall today. Silver plunged 0.3% to $27.8 per Troy ounce.
Further, platinum price has shown an uptick. The precious metal platinum rose 0.3% to $1185.0 per Troy ounce. Meanwhile in India, gold was priced at ₹48425 per 10 gram on MCX, with a change of ₹135.6. Also, the price of 24k gold in the Indian spot market was quoted at ₹47590 .
MCX Gold on Friday, May 28, 2021
Gold prices in India fell today with futures on MCX by 0.28% to ₹48425 per 10 gram. In the previous session, gold was down 0.34% or about ₹135.6 per 10 gram.
On MCX, silver futures plunged nearly 0.42% or ₹300.0 per kg to the price level of ₹71436 per kg.
The gold spot price today ( ₹47590) decreased by ₹135.6 from yesterday ( ₹47600), also global spot prices saw a downturn of $3.5 to $1893.3 value today. Following the trend, MCX future price saw a decrease of ₹135.6 and value of ₹48425 as of today.
Currency Exchange Rate on Friday, May 28, 2021
The dollar to rupee conversion today improved to ₹72.5 as compared to previous close of ₹72.7. The fall of dollar against rupee might influence gold's rate today reflecting a lower gold price in the domestic markets.
