Corona Cairn: Rs 2,000 silver in silver: Gold also tumbled: Crude prices plummeted 6 to 7 percent

(Gujarat News Office) Mumbai, Ta. March 12, 2020, Thursday

New gaps in gold and silver prices were seen today in the Mumbai jewelery market, especially with silver prices calling for a special brace. In the Mumbai market today, the price of silver fell by Rs 2,000 to the market players were stunned. There was news of a huge drop in silver prices in the world market. Corona virus outbreak Now, silver prices have fallen in the world market amid the prospect of industrial demand hitting silver across Europe, the Americas and Asia. Meanwhile, in the domestic currency market, the dollar has rebounded to Rs. 74 against the rupee today.

When the British pound and the euro prices fell. In the world market, the dollar index was elevated against the basket of different currencies, and there were gold and silver funded sellers globally. In the world market today, silver prices were down from $ 16.94 to $ 16.95 an ounce in the evening. The dollar was up 56 paise to Rs 74.35 against the rupee in the Mumbai currency market today at Rs 74.22 in the evening.

While the British pound price fell 66 paise to Rs 95, the price was Rs 94.46 to 94.47. While the euro was down 70 paise today from 83.26 to 83.27. Gold and silver prices plummeted in the global market as domestic imports plummeted, with more and more sellers selling at lower prices in the jewelery market today. The impact of gold prices was also seen as crude oil prices fell further by 6-7 per cent in the global market today.

Meanwhile, gold prices in the Mumbai jewelery market today fell to Rs 43,123 with a price of 99.50 for 10 grams at Rs 43123 and Rs 43200 after closing at Rs 43200 in the evening. Meanwhile, the price of 99.90 gold in the market today closed at Rs 43296 at Rs 43296 and closed at Rs 43374 after closing at Rs 4,2700 to 42750 in the evening.

Meanwhile, in the Mumbai market, silver prices today closed at Rs 45110 with Rs 46005 per kg without the GST of 999 and in the evening prices were Rs 43950 to 44000 while in cash the price was Rs 1200 higher than this price while prices with GST were higher. Prices were up 3% higher. Gold prices were also up 3% higher with GST. Meanwhile, platinum and palladium prices in the world market fell by six and a half to seven per cent due to lack of industrial demand. Platinum prices fell from $ 808.60 to $ 808.70 in the evening of the ounce, while palladium prices dropped from $ 2200 in the evening to $ 2142.30 to $ 2142.40.

Brentcrude prices were down from $ 33.50 to $ 33.55 per barrel in the evening, with crude oil prices falling in the world market today. New York's price was $ 30.70 to $ 30.80 in the evening, falling $ 31. Saudi Arabia, Russia and the UAE have been pushing for crude to increase production, and new demand is slowing down in the wake of Corona, reports say.

Investigators were showing today that the Federal Reserve meeting next week in the United States is likely to reduce interest rates further. Meanwhile, Europe's central bank maintained interest rates today but there were reports of new measures being taken to boost the economy.