Gold and silver boom: US and Europe have decided to keep interest rates high

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(Gujarat News Office) Mumbai, Ta. December 12, 2019, Thursday

Gold prices rose sharply in the Mumbai jewelery market today. World market news was encouraging. The dollar index in the world market was actively funded in gold. In the global market, gold prices were trading today at $ 5 in the evening, while the dollar had risen to $ 1.8 per share. In the global market, gold prices went up from $ 1.8 to $ 8 per barrel, while the price remained high at $ 8.

According to world market news, the US Federal Reserve has decided to hold a meeting to keep interest rates down. However, there was a hint that interest rates would fall again in the next year, as the dollar plummeted in the world market, following which gold prices rose higher. Meanwhile, a meeting of the European Central Bank ECB was found and news of the ECB's decision to keep interest rates in Europe unchanged.

Meanwhile, the dollar against the rupee in the Mumbai currency market today was lifted after the dollar remained unchanged till noon. The dollar was trading at Rs. 5 today at the open lower of Rs. 5 and then closed at Rs. 5 after closing at Rs. Dollar prices were down two paise today. While the British pound prices were up five paise today from Rs. The players were keeping an eye on the elections being held in Britain. The British pound remained soft on the world market.

However, in the euro currency market today, the euro prices were up by 5 paise to Rs. The tariff deadline between China and the United States is set to end on Sunday, and the world market was looking at whether trade agreements were signed between the two countries.

Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, up by Rs 5 per 5 grams without GST. While the price of 8.5 was at Rs 5, the price with GST was 5% higher.

Meanwhile, silver prices in the Mumbai market today closed at Rs 5 per kg without GST after closing at Rs 5 to Rs 5 in the evening and prices in cash were up by 3 to 5 from this price while prices with GST remained 5% higher. Were.

In the world market, platinum prices were higher today, from $ 1.8 to $ 8. When the price of palladium jumped further, the new record was set at $ 8 to $ 5 an evening.

Brentcrude prices fell from $ 5 to $ 7.2 a barrel, rising from $ 8 to $ 8 this evening. New York prices were down from $ 1.8 to $ 8 this evening, and remained at $ 5 this evening. In the US, crude oil stock was expected to decline by 1 million barrels, instead of that stock being increased by 3 million barrels, the Energy Information Administration said.

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