Gold, silver in dollar: dollar closed at Rs 71
(Gujarat News Office) Mumbai, August 10, 2019, Saturday
Bullion Market in Mumbai Zaveri Bazaar was closed today due to Saturday. However, the weather was mixed at the closed market. Gold prices were buoyant. While silver prices fell within the range of Rs. Globally, precious metals were soft with high prices as the dollar raised the global market.
In the currency market today, the dollar price has been hiked by Rs. 5 to Rs. 5 to Rs. Meanwhile, in the silver bullion market today, silver prices were trading at Rs 5 to Rs 5 per kg without GST of kg. However, with GST, prices were up 5%.
Meanwhile, silver prices in the world market remained flat at $ 1.8 per ounce on weekdays, while gold prices were trading at $ 1.8 to $ 8 per ounce over the weekend. At the bullion market today, gold prices were trading at Rs 5 per 5 grams without a GST of 5 grams and Rs 5 with a bar of Rs 5, while the prices with GST were 5% higher than this price.
Rupees were weak on the closed market today in the weakening of industrial production figures in India. Meanwhile, crude oil prices in the world market were up two to four percent over the weekend, with Brentcrude prices trading at $ 1.8 to $ 1.8 per barrel, while New York prices were up $ 1.8. Saudi Arabia has begun negotiations with other crude oil producing countries and the possibility of significant cuts to production has also been discussed in the world market.
Meanwhile, according to a former official of the Central Bank of China, China's currency war with the US is likely to last longer! Meanwhile, the world market today also spread air that China will be selling about $ 1.5 trillion of debt financed by the US earlier, and if that happens, the world's money markets are being scared. Meanwhile, South Korea has indicated that North Korea is preparing to test more missiles.
Meanwhile, according to the president of the United States, China will not do the devaluation of the US dollar even if the currency war. The statement made by the US president was unacceptable to the players in the world market, even if meetings with China were canceled. On this side, there were signs of a new kind of trade wars between Indonesia and Europe as European countries began to oppose Palmet.
Meanwhile, silver copper in the world market has seen its impact on silver prices. New York Copper futures prices were down 8 to 8.5 percent over the weekend.
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