Gold, silver, dollar rebounded: Two-and-a-half percent in crude

(Gujarat News Office) Mumbai, Ta. 30 January 2020, Thursday

Gold and silver prices rebounded today after shocks in the Mumbai jewelery market. World market news was encouraging. In the domestic currency market, the rupee weakened against the rupee today, with the dollar, the British pound and the euro falling and the impact was also seen in the jewelery market. With the break-up between Britain and Europe set to settle, the pound has risen to over Rs.

However, as prices of crude oil spiked in the world market today, prices were again reported at two and a half dollars. Crude oil and stock markets tumbled against rising gold prices globally as China's deadly virus infestation increased. This year, for the first time this year, the dollar has gone up by seven against the yuan, as China's yuan currencies offshore.

In the global market today, gold prices were trading up to $ 5 in the high of the ounce. In the currency market today, the dollar has risen by 5 paise to Rs. 5 while the British pound has risen by 5 paise to Rs. The euro's prices were up 5 paise to Rs.

In the Mumbai market today, gold prices closed at Rs 5 per 5 grams without GST and Rs 6 closed at Rs 5. However, prices with GST remained three per cent higher. Meanwhile, silver in the Mumbai market was closed at Rs 6,000 without a GST of Rs 5 per kg and closed at Rs 5,000. While cash prices were up by a thousand rupees at this price and with GST, prices were up 5%.

Silver also traded higher during the global market on an even higher basis. However, fears of a decline in per capita demand, platinum and palladium prices remained soft in the evening. Platinum prices were in the range of $ 7 to $ 8 per evening and palladium prices were between $ 5 and $ 8.

Meanwhile, crude oil prices fell half a percent today, with Brentcrude's barrels of $ 7 to $ 5 per barrel, while New York's prices were up $ 1.8 to $ 8. There was news of significant rise in crude stock in America. Copper was also soft. New York Copper futures prices were down this evening from 8.5 to 8.5 percent. While in London X today, the price of copper went down from $ 5 to $ 5 within 6 months of delivery of a six-month delivery. There were directives for prices of various industrial metals under pressure.

There was also talk of the possibility that the government would increase the stimulus to boost the economy by spreading the deadly virus in China. The players were keeping an eye on the changes in the import duty on gold in India now. There was news that crude oil stock in the United States had risen 3 million barrels.