India’s gold price (46030 rupees) has fallen since yesterday (46040 rupees). In addition, it is 0.36% lower than the average gold price observed this week (Rs 46195.7).
Although the global gold price ($1816.7) has increased by 0.18% today, the price of gold in the Indian market is still at a low level (Rs 46,030).
Following yesterday’s trend, global gold prices continue to rise today. The latest closing price was US$1816.7 per troy ounce, up 0.18% from yesterday. This price level is 4.24% higher than the average gold price ($1739.7) observed in the past 30 days. Among other precious metals, silver prices fell today. The price of silver fell by 0.06% to US$25.2 per troy ounce.
In addition, platinum prices have risen. The precious metal platinum rose 0.05% to US$1078.0 per troy ounce. At the same time, in India, MCX’s gold price was 45,825 rupees per 10 grams, a change of 4.6 rupees. In addition, the price of 24k gold in the Indian spot market is ₹46030.
On MCX, India’s gold futures price rose 0.01% to 45,825 rupees per 10 grams. In the previous trading day, gold fell 0.53% or approximately ₹4.6 per 10 grams.
Today’s gold spot price (46030 rupees) is down by 4.6 rupees from yesterday (46040 rupees), while the global spot price today has risen by 3.25 US dollars to reach 1816.7 US dollars. Following global price trends, as of today, MCX futures prices have risen by ₹4.6 to a value of ₹45,825.
Since yesterday, the exchange rate of the US dollar against the rupee has remained unchanged, and any fluctuations in the price of gold today indicate that it has nothing to do with the value of the US dollar.