Gold rush: British pound prices plummet after Brexit delays

(Gujarat News Office) Mumbai, Ta. 23 October 2019, Wednesday

Gold prices rebounded today while silver remained soft in the Mumbai jewelery market. Gold prices were raised in the world market. Meanwhile, in the domestic currency market today, the rupee has depreciated against the dollar, the pound and the euro. The British pound prices were ticking today as the Brexit question re-emerged.

At the British currency market, the price of British pounds closed at Rs. The pound had lost 5 paise today while the euro was down 5 paise to Rs. The dollar was down 3 paise to Rs. The pound remained soft in the world market. The Prime Minister was reported to have lost an important vote on the Brexit question in the British Parliament. Following this, Brexit was now experiencing delays.

Meanwhile, in the world market today, gold fundraisers are taking off. In the global market, gold prices were trading higher at $ 5 a barrel today, rising from $ 1.8 to $ 8 in the evening.

In the Mumbai market, gold prices today closed at Rs 5, Rs 5 and Rs 5 off 5, without GST while prices with GST remained nearly 5% higher than this one. In the Mumbai market, however, silver prices closed at Rs 5 to Rs 5 per kg without GST of 5 kg.

In the late evening, prices were around Rs 5 to Rs 5 and in cash the price was about Rs. In contrast, prices with GST were up 5% from this price. In the global market, silver prices fell below the dollar averaging $ 5, while the evening price was $ 8.5.

Platinum prices ranged from $ 2.5 to $ 8 in the evening and palladium prices from $ 2.5 to $ 1.8. Bond prices were up against the US stock markets were soft today. Gold in the world market is now deemed important at the low of $ 5. According to market analysts, the market is less likely to go below this price.

Meanwhile, the rise in crude oil prices in the world market was like a boom. New York's prices crossed the $ 5 a barrel, and the evening price was $ 5 to $ 8. While Brent crude prices were up from $ 1.8 to $ 8, the evening news was $ 1.8 to $ 1.8. Goldman Sachs reports that crude oil production will fall below expectations next year in the US.