Gold rates show a hike

The Indian markets saw an increase in the gold rates since yesterday. The Gold Rates that on one point were at Rs. 51,350 are now at Rs.51,360. This rate is also above the average rate that was recorded this week (Rs. 50,614.29) by about 1.47 %. Alongside, the spot gold prices in India ( Rs. 51,360) saw a growth of 0.02% even though the global gold prices ($1,917.8) witnessed a drop by 0.06%.

The Global spot prices continually kept falling according to the current close value of $1,917.8 per Troy ounce. The overall downturn was seen at -0.06%. This rate is 2.13% more than the average gold price that was recorded in the last 30 days ($1,877.0). If we talk about the other precious metals, the rate of silver fell today. It jumped 0.72% to $27.1 per Troy ounce. The price of platinum was seen stable at $1,104.0 per Troy ounce. In India, the gold was priced at Rs. 50,765 per 10 gram on MCX, along with a charge of Rs 0.0. The price of 24k gold in the Indian market was reported at Rs 51,360.

Talking about recent times, the gold prices in India were stable with futures on MCX reporting at Rs 50,765 per 10 gram. In the last session, gold was down 1.0% at about Rs 0.0 per 10 gram. Talking about the rates of silver, it was stable on MCX at Rs. 69,545 per kg. The dollar to rupee conversion has also been the same since yesterday and so any change in the gold price today will be suggested with no relation to that of the value of one dollar. These precious metals have their rates going up and down but the stability is expected to be retained.

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