Before the meeting of crude OPEC, players lost 4-5%

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(Gujarat News Office) Mumbai, Ta. November 30, 2019, Saturday

Bullion market was closed officially on Saturday in the Mumbai jewelery market. However, there were indications of a rise in the prices of gold and silver in the closed market. There was news of the precious metal shocking again in the world market. The dollar was trading higher against the rupee on the closed market today in the domestic currency market. Meanwhile, news of crude market prices in the world market collapsed by four to five per cent on Friday, leaving market players stunned.

In the first week of December, a meeting is being held against crude producing countries OPEC and Russia, and among market watchers on the decision of what is the production decision in this meeting, were surprised by the disappointment of crude oil prices in the world market today. China and the United States have been affected by rising crude differences, which has affected crude prices. Brent crude prices were up about four-and-a-half percent to $ 5.5 to $ 8 on the weekends, while New York prices were down about 5 percent to $ 6.5 to $ 8.

Meanwhile, gold prices in the world market were up $ 5 on the weekly bounce, while the silver price rose 0.7% to end the week with $ 1.8 to $ 5. Meanwhile, in the closed currency market today, the dollar was trading at Rs. The rupee had further weakened.

Meanwhile, in the Mumbai market today, gold prices were trading at Rs 5 per 5 grams without a GST of 5 grams, while prices of Rs 5 were trading at Rs 5, while the price with GST was three per cent higher.

Meanwhile, in the Mumbai market today, silver prices were trading at Rs 5 per kg without GST of cash, while cash prices were up by 3 to 5 from this price and prices with GST were three per cent higher. In the back of the world market and in the back of the dollar, domestic metals were lifted.

There was news that the dollar index in the world market had finally reached a new high of seven weeks. A two-month record in the fall in crude oil prices has been broken. Unemployment claims have dropped in the United States and there are signs of continued job market strength.

Meanwhile, the price of platinum in the world market finally went up from $ 8 to $ 8 per ounce, while palladium was up $ 8 to $ 8. New York's futures in Copper, however, were in the range of minus 8 to 8.5 percent over the weekend. News about America's stock markets plummeting from the top. Gold prices in the world market have rebounded over the weekend, but the fall in gold prices throughout the month of November has been the biggest decline on a monthly basis for the past three years.



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