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 Multi Commodity Exchange (MCX), gold futures today rose higher by 0.88 per cent to Rs 48,699. The spot gold prices in India, being at Rs 47,930 also increased since yesterday, from Rs 47,920.0. 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? )
#Gold and #Silver Opening #Rates for 02/12/2020#IBJApic.twitter.com/3n5vlwyqhL
— IBJA (@IBJA1919) December 2, 2020
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).