Goldsmiths Re-soften: Look at Diwali and New Year's Gharaki

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(Gujarat News Office) Mumbai, Ta. 26 October 2019, Saturday

On the eve of the global market, the rise in local gold prices on the backdrop of the global market was closed in the closed market today. Such signs indicate that trade between China and the US is heading towards a solution, but global oil prices have been suppressed, though crude oil has seen a rise. Jewelers have been watching how Diwali and New Year are now in gold and silver after Dhanteras.

In the local gold market, gold prices of 5.9 grams, which went up to Rs 5 yesterday without GST, were today closed at Rs 5 on the closed market today. The prices of the 5 grams, which were trading at Rs 5 yesterday, fell to Rs 5 today, market sources said. In silver, even without the GST, the price was Rs. 5 per kg.

Foreigners, who were yesterday raising $ 5 an ounce, dropped to $ 8 an ounce. The high price was $ 5 abroad. In overseas gold, silver also fell by $ 1.8 an ounce to $ 1.8. Demand for the festive season was affected by the rise in gold and silver prices on a sunny day. With prices pressing now, jewelers are expecting to see a drop in demand for Diwali and New Year.

In the currency market, the dollar closed at Rs. US - China crude oil prices were rising following reports of a solution to China's impasse.

Brent barrels increased by $ 5 per barrel to $ 1.8, while New York was trading at $ 1.8 per barrel, market circles said. During the period ended 5, investors received a return of 5% in gold, while in equity, large-caps and mid-caps and small-caps had a return of 8% and 8.5%, respectively.

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