Crescent Kashmir

Gold rate rises to Rs 49,260, silver prices remain stable

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Spot gold prices in India (Rs 49,260) have increased since yesterday (Rs 49,250). However, it is lower than this week’s average of Rs 49,410.0 by 0.3%.

The Indian spot gold price as of today is Rs 49,260 which grew by 0.02%; the rate was lower than global gold spot growth rate of 0.14%. The global spot price is $1883.7.

Gold and other precious metals on September 29, 2020

Global spot prices continued to grow as per the current close with a value of $1883.7 per Troy ounce. The total growth being of 0.14%. This price level is 2.59% lower than average gold price observed in the past 30 days ($1932.4). Among other precious metals, silver prices edged higher today. Silver gained 2.78% to $23.6 per Troy ounce.

Further, platinum price has suffered. The precious metal platinum fell 0.56% to $880.0 per Troy ounce. Meanwhile in India, gold was priced at Rs 50081 per 10 gram on MCX, with a change of Rs 0. Also, the price of 24k gold in the Indian spot market was quoted at Rs. 49260.

MCX Gold on September 29, 2020

On MCX, silver futures remained stable at Rs. 60680 per kg. The gold spot price today (Rs. 49260.0) increased by Rs. 0.0 from yesterday (Rs 49250), along with global spot prices growth of $2.0 to $1883.7 value today. No change was seen in MCX future price as of today, and had a value of Rs 50081.

Currency Exchange Rate on September 29, 2020

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.


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