Indian spot gold rate and silver price on Monday, May 31, 2021
The spot gold price today( ₹ 47600) is higher than this week's average of ₹47522.9 by 0.16%. The price was higher than yesterday's value of ₹47590.
The spot gold prices in India( ₹47600) witnessed a growth of 0.02%, despite global gold prices($1907.1) saw a drop of 0.12%.
Gold and other precious metals on Monday, May 31, 2021
Global spot prices dropped as per the current close with a value of $1907.1 per Troy ounce. The total downturn being of -0.12%. This price level is 8.78% higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices edged higher today. Silver gained 0.51% to $28.1 per Troy ounce.
Further, platinum price has shown an uptick. The precious metal platinum rose 0.42% to $1190.0 per Troy ounce. Meanwhile in India, gold was priced at ₹48543 per 10 gram on MCX, with a change of ₹19.4. Also, the price of 24k gold in the Indian spot market was quoted at ₹47600 .
MCX Gold on Monday, May 31, 2021
Gold prices in India fell today with futures on MCX by 0.04% to ₹48543 per 10 gram. In the previous session, gold was down 0.34% or about ₹19.4 per 10 gram.
On MCX, silver futures grew nearly 0.48% or ₹345.6 per kg to the price level of ₹71995 per kg.
The gold spot price today ( ₹47600) increased by ₹19.4 from yesterday ( ₹47590), whereas global spot prices saw a downturn of $2.2 to $1907.1 value today. However, the trend observed in MCX future price had a decrease of ₹19.4 and value of ₹48543 as of today.
Currency Exchange Rate on Monday, May 31, 2021
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.