Mumbai, October 9: Gold and silver prices moved higher today in India, tracking firm global rates. On MCX, December gold futures were up 0.8 percent to Rs 50,584 while silver futures rose 1.8 percent to Rs 61,605 per kg on Friday.
Talking about the global markets, gold prices were higher amid optimism over a new US coronavirus relief package after President Donald Trump said talks with Congress have restarted.
Experts predict that Gold may witness choppy trade reflecting choppiness in US dollar and equity markets as more clarity is awaited on US stimulus front.
The dollar to rupee conversion has been constant since Thursday and any fluctuation today in the gold price would suggest no relation with the dollar value.
According to the Good Returns.com, the price of 24-carat 10-gram gold in Mumbai is at Rs 50,500. In Chennai, the price of the same quantity and purity of gold is priced at Rs 52,820. Customers will have to dish out Rs 53,650 for a 10-gram 24-carat gold.