Indian spot gold rate and silver price on Monday, Aug 16, 2021

ByHT Analytics
Aug 16, 2021 10:02 AM IST

Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Aug 16, 2021

The spot gold price today( 47170) is higher than this week's average of 46777.1 by 0.84%. The price was higher than yesterday's value of 47160.

Gold, Silver and other precious metal prices in India on Monday, Aug 16, 2021
Gold, Silver and other precious metal prices in India on Monday, Aug 16, 2021

The Indian spot gold price as of today is 47170 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.18%. The global spot price is $1816.7.

Gold and other precious metals on Monday, Aug 16, 2021

Gold prices continued their uptrend today as compared to yesterday in the global market. Spot gold rose by 0.18% to $1816.7 per Troy ounce. This price level is 4.24% 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 0.06% to $25.2 per Troy ounce.

Further, platinum price has shown an uptick. The precious metal platinum rose 0.05% to $1078.0 per Troy ounce. Meanwhile in India, gold was priced at 46931 per 10 gram on MCX, with a change of 46.9. Also, the price of 24k gold in the Indian spot market was quoted at 47170 . 

MCX Gold on Monday, Aug 16, 2021

On MCX, gold futures prices in India jumped 0.1% to 46931 per 10 gram. In the previous session, gold was up 1.19% or about 46.9 per 10 gram.

On MCX, silver futures plunged nearly 0.23% or 145.8 per kg to the price level of 63375 per kg.

The gold spot price today ( 47170) increased by 46.9 from yesterday ( 47160), along with global spot prices growth of $3.25 to $1816.7 value today. Similar trend was observed in MCX future price with an increase of 46.9 and value of 46931 as of today.

Currency Exchange Rate on Monday, Aug 16, 2021

The dollar to rupee conversion today increased to 74.3 as compared to previous close of 74.2. The rise of dollar against rupee might influence gold's rate today reflecting a higher gold price in the domestic markets.

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