Source: NDTV
Gold Price In India Today: Multi Commodity Exchange (MCX) gold futures settled at ₹50,984 for the day, down 2.27 per cent for the day.
Gold Price In India: Domestic gold and silver futures moved higher on Tuesday, recovering some of the previous day's losses, despite equities soaring to record highs. Multi Commodity Exchange (MCX) gold futures, due for expiry on December 4, came gained by ₹ 916 or 1.84 per cent to ₹ 50,664 at the strongest level of the day. Silver followed suit, jumping by ₹ 1,940 or 3.19 per cent to ₹ 62,794. MCX gold futures were last seen trading 1.14 per cent higher at Rs 50,316 while silver futures were up 1.99 per cent at Rs 62,062. The gold and silver contracts had slumped to ₹ 49,748 and ₹ 60,854 respectively on Monday, as news of the first successful late-stage COVID-19 vaccine trials prompted investors to dump safe-haven bullion and flock to riskier assets. Comex gold futures were last seen trading 1.31 per cent higher at $1,878.70 per ounce on Tuesday, while silver futures were up 2.34 per cent at $24.26 per ounce. (Also Read: Is Silver The New Gold?)
The dollar index - which gauges the greenback against six currencies - hovered in a narrow range, and was last up 0.08 per cent. The rupee edged lower to close at 74.17 against the US dollar on Tuesday. #Gold and #Silver Closing #Rates for 10/11/2020#IBJApic.twitter.com/crvuHy0A0R — IBJA (@IBJA1919) November 10, 2020 Domestic spot gold closed at ₹ 50,665 per 10 grams on Tuesday, and silver at ₹ 61,784 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association
On Monday, global equities had surged after US-based drug maker Pfizer said its experimental COVID-19 vaccine was more than 90 per cent effective. Pfizer and German partner BioNTech SE said they expect to seek US emergency use authorization later this month.
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