Gold Price Analysis – Indian spot gold rate and silver price on Friday, Oct 08, 2021
Although the Gold Price Today in both global ($1816.7) as well as Indian market ( ₹46910) experienced a growth, the Gold Price in Indian market grew by a lesser rate of 0.02% as compared to the growth Global gold price of 0.18%.
Gold and other precious metals on Friday, Oct 08, 2021
The Gold Price Today continued its uptrend as compared to yesterday in the global market. The Gold Price rose by 0.18% to $1816.7 per Troy ounce. This price level is 4.24% higher than average Gold Price observed in the past 30 days ($1739.7). Among the other precious metals, Silver Price Today saw a fall. The Silver Price 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 ₹46933 per 10 gram on MCX, with a change of ₹65.7. Also, the price of 24k gold in the Indian spot market was quoted at ₹46910 .
MCX Gold on Friday, Oct 08, 2021
On MCX, gold futures prices in India jumped 0.14% to ₹46933 per 10 gram. In the previous session, gold was up 0.19% or about ₹65.7 per 10 gram.
On MCX, silver futures plunged nearly 0.22% or ₹134.9 per kg to the price level of ₹61333 per kg.
The gold spot price today ( ₹46910) increased by ₹65.7 from yesterday ( ₹46900), along with global spot prices growth of $3.25 to $1816.7 value today. Similar trend was observed in MCX future price with an increase of ₹65.7 and value of ₹46933 as of today.
Currency Exchange Rate on Friday, Oct 08, 2021
The dollar to rupee conversion today increased to ₹75.1 as compared to previous close of ₹74.8. The rise of dollar against rupee might influence gold’s rate today reflecting a higher gold price in the domestic markets.