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Indian spot gold rate and silver price on Wednesday, Jun 16, 2021
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Wednesday, Jun 16, 2021
Spot gold prices in India( ₹48590) have decreased since yesterday( ₹48600). Also, it was lower than the average gold price observed this week ( ₹48722.9) by 0.27%.
Although global gold prices($1858.6) experienced growth of 0.03%, the spot gold price remained low in Indian market( ₹48590).
Gold and other precious metals on Wednesday, Jun 16, 2021
Following yesterday's trend, global spot prices continued its growth today as well. It was clocked at $1858.6 per Troy ounce in the latest close which noted an increase of 0.03% over yesterday. This price level is 6.4% higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices edged higher today. Silver gained 0.2% to $27.7 per Troy ounce.
Further, platinum price has suffered. The precious metal platinum fell 0.09% to $1153.5 per Troy ounce. Meanwhile in India, gold was priced at ₹48281 per 10 gram on MCX, with a change of ₹48.3. Also, the price of 24k gold in the Indian spot market was quoted at ₹48590 .
MCX Gold on Wednesday, Jun 16, 2021
On MCX, gold futures prices in India showed an upsurge of 0.1% to ₹48281 per 10 gram. In the previous session, gold was down 0.17% or about ₹48.3 per 10 gram.
On MCX, silver futures grew nearly 0.29% or ₹207.5 per kg to the price level of ₹71546 per kg.
The gold spot price today ( ₹48590) decreased by ₹48.3 from yesterday ( ₹48600), whereas global spot prices saw growth of $0.48 to $1858.6 value today. Following global price trend, MCX future price saw an increase of ₹48.3 and value of ₹48281 as of today.
Currency Exchange Rate on Wednesday, Jun 16, 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.
