Gold lending in silver by speculators in the world market

(By commercial representative) Mumbai, Ta. Monday, July 20, 2020

Earlier in the week, gold and silver prices witnessed a bearish weather amid sluggish weather. Both the precious metals saw modest fluctuations compared to last weekend. The rupee strengthened against the dollar. While the rupee was weakening against other currencies. Lack of buying in crude oil has not seen much growth in prices.

At home, the GST-free price of 10.50 per ten grams of gold in the Mumbai market, which closed at Rs 5,110 last weekend, fell modestly to Rs 3,050 today. Gold was down slightly by Rs 30 to Rs 315 from Rs 20 at Rs 2.50. Prices with GST were quoted three per cent higher. Silver. The price of one kg improved by Rs. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, gold was trading at Rs 30,600 per ten grams and Rs 30,800 per 7.50. Silver was quoted at Rs.

Gold was trading at ૮ 1,210 an ounce in the global market late this evening at ૮ 1,215 an ounce, while silver was trading at ૯ 16.81 an ounce, up from ૯ 12.5 an ounce. The other precious metal, platinum, rose from ડો 50 to ૮૪૯ 8, while palladium was quoted at ૨ 305 an ounce, up from 4,050. Speculators in the world market were reported to be reducing the debt in gold and increasing it in silver.

In the domestic currency market, the dollar fell by 16 paise to close at Rs 2.31 against the rupee, while the euro rose by 3 paise to Rs 2.50 and the pound by 3 paise to close at Rs 2.15. The euro also hit a four-month high against the dollar. New York's main contract, light sweet crude for delivery in New York, was trading at ૪ 70.5 a barrel and Brent crude at 2.50 a barrel.