Gold prices witnessed a massive plunge in the past week and dropped to Rs 48,702 per 10 gram on the last trading day of the week. On Friday, gold prices registered a steep fall of Rs 519 on the MCX exchange, while the gold futures price of April 5, 2021, was closed at Rs 48,715 per 10 grams with a decline of 514 rupees on MCX on the last trading day of the week.
Gold Price Today
Gold Price Today at Rs 52,860 per 10 gm, Silver Trending at Rs 63,900 kg
Gold price today jumped to Rs 52,860 from Rs 52,850, while silver price was trending at Rs 63,900 per kg, according to the MCX MONEY website.
Why Gold Prices Slumped ₹2,000 in a Day and Silver Crashed ₹6,000
Silver and gold prices fell sharply in Indian markets, amid a slump in global rates as higher US bond yields and a rebound in US dollar weighed on the precious metal. On MCX, February gold futures slumped ₹2050 to ₹48,818 per 10 gram on Friday while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg.
Indian Spot Gold Rate and Silver Price
Spot Gold Rate in India (Rs. 51360) have increased since yesterday(Rs. 51350). Also, it was above the average gold price observed this week (Rs. 50614.29) by 1.47%.
Gold Silver Positional Tips Rocking Enjoy Blast Bullion Market – Neal Bhai
Gold Silver Positional Tips Rocking Enjoy Blast Bullion Market. The dollar to rupee conversion today improved to Rs 72 as compared to previous close of Rs 73. The fall of dollar against rupee might influence gold’s rate today reflecting a lower gold price in the domestic markets.
Gold Hits Two-Month High as Dollar Face Pressure
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Gold price pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver price also surged on the first full trading day of the new year.
Gold Jewellery sale rises 16% in Nov
The average ticket size of silver and gold jewellery sale rose 16% in November compared to the previous month despite gold prices hitting record levels, according to a report.