Gold, silver plunge into recession

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(Gujarat News Office) Mumbai, Ta. September 28, 2019, Saturday

Bullion Bazaar was officially closed on Saturday in the Mumbai jewelery market. Closed markets were showing improvement in the precious metals headline. When the dollar closed higher in the currency market today, the dollar was trading higher against the rupee. Meanwhile, there were reports of gold-silver price shocks in the world market, and trade talks and meetings between these two continental countries were on the rise. Was watching.

Meanwhile, news from the United States reported that the president of the United States was in China thinking of imposing restrictions on investment from the United States. In addition, deliberations of Chinese companies being listed on the US stock exchanges were also considered. Following this, the debate about the re-entry of funded capital into the global gold market was heard in the market today when fresh uncertainties started in the world market.

Gold prices in the world market on Friday evening were lower at $ 5 to $ 5, then the highs were reported at $ 8 to $ 8 on the weekend. After the gold fell below the national market, the price of silver rose to $ 8.5 per week, while the domestic market was also gaining traction after the global market plummeted to a decline in gold and silver.

With homelessness and backlash and the Navratri festivities now approaching, the jewelers were hoping to re-emerge the seasonal demand in the jewelery market.

Meanwhile, in the closed market in Mumbai, gold prices were trading at a low of Rs. While the price of Rs 5 was Rs 1, it was finally Rs.

Meanwhile, prices with GST were up 5% from this price. In the Mumbai market, the price of silver went up by Rs 5,000 to Rs 5 per kg without the GST. However, with GST, prices were up 5%.

Meanwhile, with China now seeing the Gold Week holidays coming up this past week, informants were showing that Chinese players' presence in the world market is likely to decline. The impact of the Japanese currency's yen in the world market has also been stagnating, with the effects of rising gold prices being positive. Directives for China and the United States resurfaced Friday, prompting US stock markets to fall to a bottomless 5-week low on Friday night.

Meanwhile, crude oil prices in the world market remained on a slow recovery after falling. Brent crude prices were down $ 1.3 per barrel to $ 1.8 to $ 8 on the weekend, while New York prices were down $ 5 to $ 1.8, then the last was $ 1.8 to $ 8.

New York Copper futures prices, however, remained flat at 8.5% to 5.5% over the weekend. Meanwhile, platinum prices were $ 5 to $ 8 a week on the world market. When the price of palladium increased, it was finally $ 6.5.


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