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Indian spot gold rate and silver price on Wednesday, May 26, 2021
Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Wednesday, May 26, 2021
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($1905.8) has increased by 0.35%, the spot gold price is the same in the Indian market( ₹47000).
Gold and other precious metals on Wednesday, May 26, 2021
Global spot prices continued to grow as per the current close with a value of $1905.8 per Troy ounce. The total growth being of 0.35%. This price level is 8.71% higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices edged higher today. Silver gained 0.55% to $28.2 per Troy ounce.
Further, platinum price has shown an uptick. The precious metal platinum rose 1.04% to $1209.0 per Troy ounce. Meanwhile in India, gold was priced at ₹48891 per 10 gram on MCX, with a change of ₹122.2. Also, the price of 24k gold in the Indian spot market was quoted at ₹47000 .
MCX Gold on Wednesday, May 26, 2021
On MCX, gold futures prices in India jumped 0.25% to ₹48891 per 10 gram. In the previous session, gold was up 0.53% or about ₹122.2 per 10 gram.
On MCX, silver futures grew nearly 0.52% or ₹377.1 per kg to the price level of ₹72514 per kg.
The gold spot price today ( ₹47000) had no change over yesterday ( ₹47000), whereas global spot prices saw growth of $6.63 to $1905.8 value today. However, an increase was observed in MCX future price of ₹122.2 with value of ₹48891 as of today.
Currency Exchange Rate on Wednesday, May 26, 2021
The dollar to rupee conversion today improved to ₹72.7 as compared to previous close of ₹72.8. The fall of dollar against rupee might influence gold's rate today reflecting a lower gold price in the domestic markets.
