The prices of precious metal gold are showing sluggishness on Tuesday i.e. August 17, 2021. Gold has reached its one week high in the international market, although today it has not shown much change. Due to the strong dollar, there has been a sluggishness in the spot prices of gold in the international market, which affected the domestic markets and there was a flat opening in gold on the Multi Commodity Exchange. The international spot price of gold was $1,787.90 per ounce. On Monday, gold had reached the level of 1,788.97, which is its highest level since August 6, 2021.
Due to this, flat opening was also seen in the domestic markets. On the Multi-Commodity Exchange, gold of the October contract was trading at Rs 47,234 per 10 grams with a marginal gain of 0.02 per cent. At the same time, silver did better than this. There was a jump of 0.23 percent in September silver and the metal opened at Rs 63,603 per kg today.
However, after the opening, there was a boom in the international market. If you look at GoldPrice.org, gold was rising 0.27 percent on MCX at 11.25 in the morning Indian time in the international market and the metal was trading at a level of $ 1792.39 per cent. At the same time, silver was also trading at a level of $ 23.94 an ounce with a gain of 0.17 percent.
If you look at the rate of India Bullion and Jewelers Association Limited ie IBJA, then with the last update, the price of gold today is like this- (These prices are given per gram without GST charge)
999 (purity) – 46,993
Silver 999- 62,887
Gold futures prices had fallen yesterday too
On Monday, amid weak spot demand, the price of gold fell by Rs 50 to Rs 46,890 per 10 grams in the local futures market on Monday. On the Multi Commodity Exchange, gold for delivery in October fell by Rs 50, or 0.11 per cent, to Rs 46,890 per 10 grams. It had a business turnover of 12,708 lots.