Indian spot gold rate and silver price on Wednesday, Jul 21, 2021

Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Wednesday, Jul 21, 2021

Published on: Jul 21, 2021, 10:02:38 IST

By HT Analytics

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An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹48310 from ₹48300. It was also higher than the previous week average of ₹48267.1 by 0.09%.

Gold, Silver and other precious metal prices in India on Wednesday, Jul 21, 2021

The Indian spot gold price as of today is ₹48310 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 Wednesday, Jul 21, 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 ₹47856 per 10 gram on MCX, with a change of ₹210.6. Also, the price of 24k gold in the Indian spot market was quoted at ₹48310 .

MCX Gold on Wednesday, Jul 21, 2021

Gold prices in India plunged today with futures on MCX by 0.44% to ₹47856 per 10 gram. In the previous session, gold was up 0.06% or about ₹210.6 per 10 gram.

On MCX, silver futures plunged nearly 0.92% or ₹615.5 per kg to the price level of ₹66900 per kg.

The gold spot price today ( ₹48310) increased by ₹210.6 from yesterday ( ₹48300), along with global spot prices growth of $3.25 to $1816.7 value today. However, the trend observed in MCX future price had a decrease of ₹210.6 and value of ₹47856 as of today.

Currency Exchange Rate on Wednesday, Jul 21, 2021

The dollar to rupee conversion today increased to ₹74.6 as compared to previous close of ₹74.5. 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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