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Indian spot gold rate and silver price on Wednesday, Jul 28, 2021

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Spot gold prices in India( 47650) have decreased since yesterday( 47660). Also, it was lower than the average gold price observed this week ( 47812.9) by 0.34%.

Although global gold prices($1816.7) experienced growth of 0.18%, the spot gold price remained low in Indian market( 47650).

Gold and other precious metals on Wednesday, Jul 28, 2021

Global spot prices continued to grow as per the current close with a value of $1816.7 per Troy ounce. The total growth being of 0.18%. 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 47611 per 10 gram on MCX, with a change of 61.9. Also, the price of 24k gold in the Indian spot market was quoted at 47650 .

MCX Gold on Wednesday, Jul 28, 2021

On MCX, gold futures prices in India jumped 0.13% to 47611 per 10 gram. In the previous session, gold was up 0.2% or about 61.9 per 10 gram.

On MCX, silver futures grew nearly 0.32% or 212.9 per kg to the price level of 66530 per kg.

The gold spot price today ( 47650) decreased by 61.9 from yesterday ( 47660), 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 61.9 and value of 47611 as of today.

Currency Exchange Rate on Wednesday, Jul 28, 2021

The dollar to rupee conversion today improved to 74.4 as compared to previous close of 74.5. The fall of dollar against rupee might influence gold’s rate today reflecting a lower gold price in the domestic markets.


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