Indian spot gold rate and silver price on Tuesday, Aug 31, 2021

ByHT Analytics
Aug 31, 2021 10:01 AM IST

Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Tuesday, Aug 31, 2021

Gold Price in India ( 47490) has decreased since yesterday( 47500). Also, it was lower than the average gold price observed this week ( 47518.6) by 0.06%.

Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Tuesday, Aug 31, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Tuesday, Aug 31, 2021

Although global Gold Price Today ($1816.7) experienced growth of 0.18%, the Gold Price remained low in the Indian market ( 47490).

Gold and other precious metals on Tuesday, Aug 31, 2021

Following yesterday's trend, the global Gold Price continued its growth today as well. It was clocked at $1816.7 per Troy ounce in the latest close which noted an increase of 0.18% over yesterday. This price level is 4.24% higher than average Gold Price observed in the past 30 days ($1739.7). Among the other precious metals, Silver Price Today saw a fall. The Silver Price 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 47298 per 10 gram on MCX, with a change of 70.9. Also, the price of 24k gold in the Indian spot market was quoted at 47490 . 

MCX Gold on Tuesday, Aug 31, 2021

On MCX, gold futures prices in India showed an upsurge of 0.15% to 47298 per 10 gram. In the previous session, gold was down 0.4% or about 70.9 per 10 gram.

On MCX, silver futures grew nearly 0.24% or 153.7 per kg to the price level of 64050 per kg.

The gold spot price today ( 47490) decreased by 70.9 from yesterday ( 47500), whereas global spot prices saw growth of $3.25 to $1816.7 value today. Following global price trend, MCX future price saw an increase of 70.9 and value of 47298 as of today.

Currency Exchange Rate on Tuesday, Aug 31, 2021

The dollar to rupee conversion today improved to 73.2 as compared to previous close of 73.3. 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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