Gold bullion traded higher: gold surpassed Rs 47,000 with GST in silver 2200 increased

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(Commerce Rep) Mumbai, Apr 10 Apr 2020, Friday

On the Good Friday, gold and silver markets were closed in the locality, but behind the world market, there was a huge surge in precious metals in the local market. With gold GST, the price had crossed Rs 5 per ten grams. The meeting between Russia-OPEC, with many uncertainties still on the rise, saw oil prices rebound. The dollar was weakened as the US declared more stimulus to boost the economy.

In the world market, gold was trading at $ 5 an ounce today, and silver rose to $ 5 per ounce, while silver was up $ 1.8 per ounce. After the global market, the price of gold in the local market rose from Rs 5 to Rs 5 without the GST and closed at Rs 5 on the closed market while the price of Rs 5 rose from Rs 5 to Rs 5. With GST, the price of ten grams of gold had crossed Rs.

In the back of gold in private, silver was trading at Rs 1 a kg, up from Rs 5 a kg. Silver has seen a rise of Rs. With GST, prices were calling three per cent higher. Platinum was up from $ 5 an ounce in foreign dollars while palladium was calling at $ 5 to $ 5 an ounce.

The impact of this on the dollar was seen by the United States announcing more than $ 3.5 trillion stimulus to invest money in its economy. The dollar was weakening. America will be forced to print more dollars. The local currency market was closed but the dollar weakened and was calling around Rs.

Yesterday's meeting between OPEC and Russia over production cuts in cod oil has been agreed, but Mexico is currently sticking to the agreement. The price of cod oil dropped by 4-5% yesterday as the picture became unclear. Brent Cudd closed at $ 1.8 per barrel and New York $ 1.8.

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