Spot gold prices in India( ₹47000) observed no change since yesterday( ₹47000), though it was greater than the average gold price observed this week ( ₹46950.0) by 0.11%.
Although the global gold price($1879.3) saw a decline of 0.05%, the spot gold price is the same in the Indian market( ₹47000).
Gold and other precious metals on Tuesday, May 25, 2021
Global spot prices dropped as per the current close with a value of $1879.3 per Troy ounce. The total downturn being of -0.05%. This price level is 7.43% 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 0.44% to $27.6 per Troy ounce.
Further, platinum price has shown an uptick. The precious metal platinum rose 0.13% to $1179.5 per Troy ounce. Meanwhile in India, gold was priced at ₹48420 per 10 gram on MCX, with a change of ₹92.0. Also, the price of 24k gold in the Indian spot market was quoted at ₹47000 .
{{/usCountry}}Further, platinum price has shown an uptick. The precious metal platinum rose 0.13% to $1179.5 per Troy ounce. Meanwhile in India, gold was priced at ₹48420 per 10 gram on MCX, with a change of ₹92.0. Also, the price of 24k gold in the Indian spot market was quoted at ₹47000 .
{{/usCountry}}MCX Gold on Tuesday, May 25, 2021
Gold prices in India plunged today with futures on MCX by 0.19% to ₹48420 per 10 gram. In the previous session, gold was up 0.3% or about ₹92.0 per 10 gram.
On MCX, silver futures plunged nearly 0.5% or ₹357.4 per kg to the price level of ₹71475 per kg.
The gold spot price today ( ₹47000) had no change over yesterday ( ₹47000), whereas global spot prices saw a downturn of $0.9 to $1879.3 value today. However, a decrease was observed in MCX future price of ₹92.0 with value of ₹48420 as of today.
Currency Exchange Rate on Tuesday, May 25, 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.