Gold, silver slump shock: World market tumbles: Rupee breaks against the dollar

(Gujarat News Office) Mumbai, Ta. 08 November 2019, Friday

New downturn in Mumbai jewelery market today led to a downward trend. The world market news was shocking. In the global market, news of the rise of the dollar index against the basket of different currencies has led to the rise in the sale of goldsmiths globally.

In the currency market of Mumbai, the dollar had risen by Rs 5 against the rupee today. The dollar had closed at Rs 5 after closing at Rs. Dollar prices were up by 8 paise today. In contrast, the British pound went up by a slight increase of Rs 1.5 to 1.8 and the euro prices were up four paise to Rs.

In the global market today, gold prices fell by $ 5 a barrel, or 0.7 per cent, from $ 8 in the evening. In the global market, gold prices fell below the $ 5 a bargain, while the prices were up from $ 8 to $ 5 in the evening.

Meanwhile, behind the world market, imports in the domestic jewelery market were falling and the market prices were falling. In the market today, gold prices closed at Rs 5, Rs 5 and Rs 5 off at Rs 5, without GST of 5 grams. However, with GST, prices were up 5%.

In the Mumbai market today, silver prices closed at Rs 5 per kg without a GST of 5 kg. In the evening prices were further broken down to Rs 1 thousand within Rs. 5 percent was high. Meanwhile, other precious metals were on the verge of collapse in the world market, with platinum prices dropping below $ 5 this evening, from $ 1.8 to $ 1.8. While palladium prices remained at $ 5 to $ 5 within $ 5.

In the global market today, the impact of the decline in the price of crude oil was also reflected in gold prices. CrudeTail prices were down this evening from Brent crude of $ 7 to $ 8.5 a barrel. While New York's gains were $ 6.5 per evening. As trade talks between China and the US move forward, optimism about this world market has increased and gold prices have been falling, according to informants. However, news came today that the White House authorities were angry over the question of tariff toll on Chinese goods by the US.

Meanwhile, jobless claims in the United States have dropped by 4,000 in jobless claims, and such claims are reported to have fallen to a peak of four weeks in the next four million. The job market has been strong since such claims have been diminished, and this has led to the dollar index rising in the world market today.