Rupee weakens due to weakening of GDP, Fiscal Deficit, Core Sectors: Gold prices rise in precious metals

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(Gujarat News Office) Mumbai, Ta. 29 November 2019, Friday

Gold in the Mumbai jewelery market was gaining momentum today as gold prices rebounded. In the world market, however, precious metals were reported to be amid fluctuations, while the domestic currency market saw a new dollar rise against the rupee, affecting positive gold and silver prices.

In the currency market today, the dollar price was closed at Rs. Dollar prices went up by 5 paise more today. In India, the growth figures for GDP, Fiscal Deficit and Core Sector were reported to be weak and after that the rupee fell. There was talk of a weakening of the rupee.

However, the British pound prices were quiet at the price range of Rs. Meanwhile, in the world market today, gold prices were trading higher at $ 5 a barrel and $ 1.8 in the low.

At the Mumbai jewelery market, gold prices today closed at Rs 5, down from Rs 5 per 5 grams without GST. While the price of Rs 5 was closed at Rs 5, it was closed at Rs 5, while the price with GST remained 5% higher. Meanwhile, in the Mumbai market, silver prices closed at Rs 5 per kg without a GST of Rs 5 per kg. In the evening, prices were at Rs 5 to Rs 5 while in cash the price was Rs. 5 percent was high.

In the global market today, silver prices fell by $ 5 to the high of $ 8 and the low to $ 5 from $ 8 to $ 8 in the evening. Thanks to Thanksgiving Giving in America, markets in the world markets are slowing down and holiday moods are low, according to informants. Meanwhile, platinum prices were up from $ 8 to $ 8 this evening.

While palladium prices were up this evening from $ 8 to $ 8. In the world market today, crude oil prices remained soft. Brentcrude prices were trading today at $ 2.5 to $ 5 per barrel, while New York prices were up from $ 8 to $ 8 per barrel.


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