Gold prices rise: British pound tumbles to five-week low

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(By representative), Mumbai, 13 May 2020, Wednesday

In the Mumbai gold-silver market, gold prices rose today, while silver prices declined. However, world market news was bullish, with the dollar depreciating against the rupee in the domestic currency market, limiting the improvement in gold prices in the Mumbai jewelery market, market sources said.

In the Mumbai market, gold rose by Rs 2.50 per 10 grams to close at Rs 3,210, while it rose by Rs 4.5 to close at Rs 4.5 per 10 grams, including GST. Prices were three per cent higher. Meanwhile, silver prices in the Mumbai market today fell from Rs 2,005 per kg to Rs 2.8 per kg, excluding GST, to close at Rs 4,615.

While prices with GST remained three per cent higher. Meanwhile, gold prices in the world market today rose from ૬૯૯ 17.50 an ounce to રૂ 1,305 this evening. With the dollar index falling in global markets, gold was falling on a global scale. The dollar index fell against a basket of different currencies in world markets today, discussing the possibility of a fall in interest rates in the US to a negative territory, sources said.

Silver, meanwhile, rose above સો 19.8 an ounce to ૫ 17.5 an ounce, while platinum rose લર 3 to ડો 2.50 an ounce and palladium fell by about થી 20 to ડી 150 an ounce late in the day.

In the Mumbai currency market, the dollar depreciated against the dollar to close at Rs 4.5 and closed at Rs 4.5, down five paise from Tuesday's close. Were living. The British pound fell to a new five-week low today as corona infestations in Britain re-emerged. In the Mumbai market, the euro rose by 3 paise to Rs 71.31 today.

Meanwhile, global crude oil prices rose more than half a per cent to ૯૫ 6.5 a barrel in New York late in the day, while Brent crude was trading at ૩ 70.50 a barrel in the evening trade. The news that crude oil production will be further reduced in June by the United Arab Emirates and Kuwait after Saudi Arabia was having an impact on global crude oil prices today.

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