Gold, Silver and other precious metal prices in India on Thursday, Jul 29, 2021
Gold, Silver and other precious metal prices in India on Thursday, Jul 29, 2021

Indian spot gold rate and silver price on Thursday, Jul 29, 2021

Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Thursday, Jul 29, 2021
By HT Analytics
PUBLISHED ON JUL 29, 2021 10:01 AM IST

An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to 47850 from 47840. It was also higher than the previous week average of 47832.9 by 0.04%.

The Indian spot gold price as of today is 47850 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 Thursday, Jul 29, 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 47760 per 10 gram on MCX, with a change of 224.5. Also, the price of 24k gold in the Indian spot market was quoted at 47850 . 

MCX Gold on Thursday, Jul 29, 2021

On MCX, gold futures prices in India showed an upsurge of 0.47% to 47760 per 10 gram. In the previous session, gold was down 0.03% or about 224.5 per 10 gram.

On MCX, silver futures grew nearly 1.05% or 707.2 per kg to the price level of 67351 per kg.

The gold spot price today ( 47850) increased by 224.5 from yesterday ( 47840), 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 224.5 and value of 47760 as of today.

Currency Exchange Rate on Thursday, Jul 29, 2021

The dollar to rupee conversion today improved to 74.3 as compared to previous close of 74.5. The fall of dollar against rupee might influence gold's rate today reflecting a lower gold price in the domestic markets.

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