Gold, silver rise again: dollar shines in precious metals

(Gujarat News Office) Mumbai, Ta. 31 August 2019, Saturday

Bullion market today was officially closed on Saturday in the Mumbai jewelery market. The prices were talking high at the closed market. In the currency market today, the impact of the dollar against the rupee against the closed market was a boom on gold and silver prices. However, there were reports of precious metals softening in the global market. As the dollar moved higher in the world market, there were funded sellers in gold. Inflation in the United States has come as expected when there were directives for a reduction in consumer sentiment.

The euro's value against the dollar in the world market has plummeted for two years. China's currency yuan price cut almost four percent in August, the monthly record new record in such a decline, currency market sources said.

In India, the GDP rate has gone down and due to this, the rupee has collapsed in the currency markets today, while the dollar has risen against the rupee. Meanwhile, the United States has recently increased tariffs on various Chinese goods, but the US has welcomed China's refusal to take steps against it, and this has led to hopes of a re-opening of trade talks between China and the United States. Following this, the global market has witnessed a boom in gold and silver prices.

In the global market, gold prices were down by $ 5 to $ 5 per ounce, at $ 1.8 to $ 5 on the weekend. In the closed market in Mumbai market today, however, gold prices were trading at Rs 5 to Rs 5 for 5 grams without the GST of 5 grams, while the prices for GST were talking at Rs 5 to Rs 5 while the price with GST was three per cent higher. Meanwhile, silver prices in Mumbai market today fell to Rs 5 with a GST of Rs 5 per kg. With GST, prices were up three per cent.

In the global market, however, silver prices remained flat at $ 1.8 to $ 1.8 per week on the week of the week. Meanwhile, platinum prices in the world market went up from $ 1.8 to $ 8 on the weekends, while palladium was last seen at $ 1.8 to $ 8.

Meanwhile, there was talk of the market even buying gold to sell gold at domestic and domestic prices. In addition to the euro against the dollar in the world market, the pound was also soft.

For the past four consecutive months in the world market, gold prices have been in the plus. There is a possibility of higher resistance to the dollar at the high of $ 5, while the lower price is being calculated at $ 5.

Meanwhile, crude oil prices have plummeted by two and a half to three in the world market. Demand is low as prices are falling outside. Brent crude prices dropped below $ 4 a barrel on the weekend, while New York prices fell $ 1.8. Investigators were now showing the possibility that interest rates will be further reduced in September in the United States.