Gold prices fall for third consecutive day, Check latest price here
The spot gold price today (Rs 49,780) is lower than this week’s average of Rs 49,901.4 by 0.24%. The price was also higher than yesterday’s value of Rs 49,770.
Gold prices edged lower in Indian markets today, while silver prices went up. On MCX, February gold futures edged 0.16% lower to ₹50,070 per 10 gram. The yellow metal declined for the fourth time in the last five days. Silver is up 0.1% to ₹67,641 per kg. Though gold has recovered from lows of below ₹48,000, it remains significantly lower than the August highs of ₹56,200. Similarly, silver had also almost touched ₹80,000 per kg in the same month. Gold closed at ₹50,149 and silver closed at ₹67,576 on Wednesday on MCX.
Gold has gained more than 23% this year, largely driven by its appeal as a hedge against inflation and currency debasement in the wake of unprecedented stimulus measures unveiled to mitigate the impact of the pandemic.
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MCX Gold on Dec 24, 2020
On MCX, gold futures prices in India jumped 0.19% to Rs 50,858.0 per 10 gram. In the previous session, gold was up 1.29% or about Rs 96.63 per 10 gram.
On MCX, silver futures remained stable at Rs 67,535 per kg.
The gold spot price today (Rs 49,780) increased by Rs. 0.0 from yesterday (Rs 49,770), along with global spot prices growth of $1.0 to $1,874.3 value today. No change was seen in MCX future price as of today, and had a value of Rs 49,837.
With Inputs From Agencies