Gold spot price in India at Rs. 47,220

In India, Gold spot price is recorded at Rs.47,220 on Tuesday. The global gold price($1788.5) has increased by 0.29%, but the spot gold price is the same in the Indian market( Rs.47,220).

Following yesterday's trend, global spot prices continued its growth today as well. It was clocked at $1788.5 per Troy ounce in the latest close which noted an increase of 0.29% over yesterday. This price level is 2.73% higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices edged higher today. Silver gained 0.23% to $26.0 per Troy ounce.

The precious metal platinum rose 1.43% to $1067.5 per Troy ounce. Meanwhile in India, gold was priced at Rs.47,002 per 10 gram on MCX, with a change of Rs.126.9. Also, the price of 24k gold in the Indian spot market was quoted at Rs.47,220. 

MCX Gold on Tuesday

On MCX, gold futures prices in India jumped 0.27% to Rs.47,002 per 10 gram. In the previous session, gold was up 0.49% or about Rs.126.9 per 10 gram. On MCX, silver futures grew nearly 0.01% or Rs.6.8 per kg to the price level of Rs.67,955 per kg.

The gold spot price today ( Rs.47,220) had no change over yesterday ( Rs.47,220), whereas global spot prices saw growth of $5.25 to $1788.5 value today. However, an increase was observed in MCX future price of Rs.126.9 with value of Rs.47,002 as of today. 

Currency Exchange Rate on Tuesday

The dollar to rupee conversion today increased to Rs.74.2 as compared to previous close of Rs.74.1. The rise of dollar against rupee might influence gold's rate today reflecting a higher gold price in the domestic markets.