The boom in palladium: a new history of over $ 2500

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(Gujarat News Office) Mumbai, Ta. 18 January 2020, Saturday

Bullion market was closed officially on Saturday in the Mumbai jewelery market. The improvement in the prices of the closed market had moved ahead. World market news was showing strength. In the domestic currency market today, the closing price of the rupee was Rs. Meanwhile, gold prices in the world market were rising by $ 5 a ounce last week. In the global market, silver prices also rose by $ 1.8 per ounce to end at $ 8.5 per share. Back home, gold and silver prices were trading high on the closed market in the Mumbai bullion market.

In the Mumbai market today, gold prices were trading at Rs 5 per 5 grams without a GST of 5 grams and 5 with 5 being priced at Rs 5. However, prices with GST remained three per cent higher. Meanwhile, silver prices in the Mumbai market remained at Rs 5 to Rs 5 today without the GST of 5 kg while cash in cash remained at Rs 5 to 5 higher than this price. However, prices with GST remained three per cent higher.

Meanwhile, news of platinum and palladium prices rose further in the world market. Palladium prices went up 5 to 5 percent higher at $ 5 to $ 5, while the last week's price was $ 1.8 to $ 1.8. Demand for auto manufacturers against the supply deficit was on the market. There was talk of speculators becoming aggressive too.

Platinum prices also went up by $ 5,8.5 per ounce of palladium, while prices remained at $ 1.8 to $ 8. Platinum prices rose to a three-year high while palladium prices rose to a new record high. This week's price hike in palladium prices has been the biggest price hike for the past four years.

Prices have risen 5% this month. In the twelve months, prices have risen 5%. Production has plummeted in South Africa. America's housing start figures have been good. There have been jobless claims unemployment claims reduced by 7 thousand to 5 lakh 5 thousand which was expected to be between 1 lakh to 3 thousand. There were also reports that trade agreements were allowed in the US, Mexico and Canada. In China, the growth rate of the economy has dropped to 2, which is likely to rise again. There has been good industrial production figures. This led to New York Copper futures prices finally sticking up to 8.5% to 5.5% over the weekend. The two-month record for the fall in global gold prices has been broken. Retail sales figures have weakened in Britain.

Meanwhile, there has been a surge in crude oil prices in the world market. Brentcrude, which went up by $ 5 a barrel, was down $ 5.5 to $ 8, while New York prices were down $ 5 to $ 8.5. CrudeTail prices have been in the teens for two consecutive weeks on a weekly basis. US stock markets have seen new highs. The pound was reportedly under pressure in the world market, hoping to reduce interest rates in Britain.

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