Gold Price Today: Yellow Metal Gains Nearly 1% To Cross Rs 48,500 Mark
Gold Prices in India: Domestic gold futures edged higher on Wednesday (December 2) recording a surge in rates from Rs 47,920 since yesterday. On the Multi Commodity Exchange (MCX), gold futures today rose higher by 0.88 per cent to Rs 48,699. Domestic spot gold increased to Rs 47,930 per 10 grams, from Rs 47,920 the previous day. Spot gold prices increased by 0.02 per cent, amid no change in international gold prices. MCX gold futures were last seen trading at 0.88 per cent higher at Rs 48,699. However, as compared to the record highs in August, almost touching ₹ 56,200, gold prices are reeling down to about Rs 7000. (Also Read: Is Silver The New Gold? )
Domestic spot gold opened at ₹ 48,687 per 10 grams on Wednesday, and silver at ₹ 62,022 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Meanwhile, the rupee today edged lower by 13 paise against the US dollar, and settled at 73.81 (provisional) amid muted domestic equities. At the interbank foreign exchange market, the local unit registered a highly volatile trading session. In early trade, the rupee surged by as much as 25 paise to 73.43 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was up by 0.07 per cent at 91.37.
