Indian spot gold rate and silver price on Wednesday, Aug 04, 2021
A decrease of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹47950 from ₹47960. It was also lower than the previous week average of ₹48214.3 by 0.55%.
Although global gold prices($1816.7) experienced growth of 0.18%, the spot gold price remained low in Indian market( ₹47950).
Gold and other precious metals on Wednesday, Aug 04, 2021
Following yesterday’s trend, global spot prices 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 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 ₹47870 per 10 gram on MCX, with a change of ₹14.4. Also, the price of 24k gold in the Indian spot market was quoted at ₹47950 .
MCX Gold on Wednesday, Aug 04, 2021
On MCX, gold futures prices in India showed an upsurge of 0.03% to ₹47870 per 10 gram. In the previous session, gold was down 0.17% or about ₹14.4 per 10 gram.
On MCX, silver futures grew nearly 0.22% or ₹150.2 per kg to the price level of ₹68264 per kg.
The gold spot price today ( ₹47950) decreased by ₹14.4 from yesterday ( ₹47960), 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 ₹14.4 and value of ₹47870 as of today.
Currency Exchange Rate on Wednesday, Aug 04, 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.