Gold and Silver Updates

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A rise of 0.02% in spot gold value in India was seen since yesterday, taking the worth to Rs. 50,520 from Rs. 50,510. Though, It was additionally decrease than the earlier week common of Rs. 50,535.71 by 0.03%.

Though the gold value in each international ($1901.4) in addition to Indian market (Rs 50,520) skilled a progress, the spot gold costs in Indian market grew by a lesser charge of 0.02% as in comparison with International gold costs of 0.11%.

Gold and different valuable metals on Oct 19, 2020

Gold costs continued their uptrend at present as in comparison with yesterday within the international market. Spot gold rose by 0.11% to $1883.7 per Troy ounce. This value degree is 0.07% increased than common gold value noticed previously 30 days ($1900.1). Amongst different valuable metals, silver costs edged increased at present. Silver gained 2.78% to $23.6 per Troy ounce.

Additional, platinum value has proven an uptick. The dear steel platinum rose 0.17% to $866.5 per Troy ounce. In the meantime in India, gold was priced at Rs. 50,555 per 10 gram on MCX, with a change of Rs. 0. Additionally, the value of 24k gold within the Indian spot market was quoted at Rs. 50,520. 

MCX Gold on Oct 19, 2020

On MCX, silver futures remained steady at Rs. 61,365 per kg.

The gold spot value at present (Rs. 50,520) elevated by Rs. 0.0 from yesterday (Rs. 50,510), together with international spot costs progress of $2.0 to $1901.4 worth at present. No change was seen in MCX future value as of at present, and had a worth of Rs. 50,555.

Forex Alternate Fee on Oct 19, 2020

The greenback to rupee conversion has been fixed since yesterday and any fluctuation at present within the gold value would counsel no relation with the greenback worth.

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