Yesterday observed a slight rise in spot gold value from Rs 50500 to Rs50510, by 0.02%, which overall proved lesser than last week’s 0.04% leading up to Rs50528.57.

This growth in domestic spot gold rates by 0.02% comes even after the international gold rates ($1945.0) took a fall of 0.08%

The decline in international rates persisted as per the current close up to a value of $1945.0 per Troy ounce. As noted since the past 30 days, the price level is 0.17% lesser than the standard gold price. On the other hand, silver prices shot up with a profit of 0.15% to $27.0 per Troy ounce.

Prices in platinum have also undergone stumbles, dropping 0.33% to $920.0 per Troy ounce. Indian gold rates were at Rs 51472.0 per 10 gram as revealed by MCX, at Rs 0.0 change. The price of 24k gold in the Indian spot market was quoted at Rs. 50510.0.

Silver futures maintained stability at Rs68600.0 per kg, revealed MCX. Today’s spot gold rates (Rs. 50510.0) rose by Rs. 0.0 from yesterday (Rs. 50500.0), while global spot prices saw a downturn of $1.0 to $1945.0 value today. No change was seen in MCX future price as of today and had a value of Rs 51472.0.

The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the gold price would indicate no relation with the dollar value.