Gold, silver fall: Dollar trough lowers import cost of precious metals

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(Gujarat News Office) Mumbai, Ta. 13 September 2019, Friday

The price drop in the Mumbai jewelery market today went ahead. In the currency market, the imports of precious metals fell below the dollar, falling below Rs. The news of the world market was also softening. Funds for gold were easing in the world market, with hopes of a compromise between China and the US in the trade war. Meanwhile, the domestic stock market today raised rupee in the currency market.

In the currency market today, the dollar price closed at Rs. Dollar prices were missing 5 paise today. The dollar had lost 5 paise on Thursday. Meanwhile, the price of the British pound, however, rose by 2 paise to Rs. 5 to Rs. While the euro prices were up 5 paise, it went up from 1.8 to 1.8

In the global market today, gold prices fell by $ 5 to $ 8 per ounce. In the Mumbai jewelery market, gold prices today closed at Rs 5, Rs 5, Rs 5 and Rs 5 off Rs 5, without GST. However, with GST, prices were up 5%.

Meanwhile, the price of silver in Mumbai market today closed at Rs 5 with Rs 5 per kg without GST. In the evening, the price was Rs 1 to 3 and in cash the price was Rs. While prices with GST were up 5%. In the global market today, silver prices fell by $ 5 to the low of $ 8 an ounce. Platinum prices were down from $ 2.5 to $ 8 per ounce and palladium to $ 5 per ounce.

It has been reported that the European Central Bank has cut interest rates and that bond bonding will start in the form of stimulus shortly thereafter. World market players were showing that the Federal Reserve will meet in the United States on September 3 and 8, and interest rates will be further reduced at this meeting.

Meanwhile, Brentwood prices fell below $ 5 a barrel in the world market today, leaving prices at $ 8 to $ 8 this evening. New York was trading at $ 5.

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