Mixed weather in gold and silver: Silver rises despite weakening dollar

-


(Mumbai, April 29, 2020, Wednesday)

The local gold and silver market behind the world market witnessed mixed weather today. The decline in gold prices continued while silver rose again from lower prices. Major currencies, including the dollar, weakened against the rupee in the domestic currency market. In the US, crude oil stocks rose sharply despite rising prices.

In the domestic gold and silver market, the price of gold at Rs 8.50 per 10 grams, excluding GST, which was Rs 1010 yesterday, fell to Rs 80 today. Gold was down from Rs 715 to Rs 705. Silver.2 The price of one kg increased from Rs. 3150 to Rs. With GST, silver prices were quoted at 3 per cent higher. Gold prices were suppressed locally as the dollar weakened against the rupee and the import cost came down.

The dollar fell below Rs 7 to close at Rs 4.5 and closed at Rs 4.5 today. The dollar fell 3 paise. The pound was down 3 paise at Rs 2.7 while the euro was down 3 paise at Rs 2.50. The Corona has put pressure on the dollar as the US consumer confidence index falls.

Gold in global markets rose slightly from ૯ 1,305 an ounce to ૭ 1,303 an ounce late in the evening, while silver rose to ૫ 17.8 an ounce from ૫ 16.11 an ounce. The dollar index was reported to have turned to gold again with declining funds. The other precious metal, platinum, rose from ૭૬૫ 3 to ૭૮ 20 per ounce, while palladium rose from ૯૪૬ 15 to ૯૫૬ 16.

The market is watching the outcome of the US Federal Reserve meeting. In the US, crude oil stocks rose to 310 million barrels, but crude oil prices rose today. New York was up 15 per cent at ૪ 19.60 a barrel, while Brent crude was up 5 per cent at ૨૫ 21.8.

As facilities for onshore storage of crude oil are dwindling and companies are opting for floating storage options of crude oil.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more