A steady decline in gold and silver prices behind the world market

(By commercial representative) Mumbai, Ta. 17 September 2020, Thursday

Behind the world market, domestic gold and silver prices continued to decline. One thousand rupees was broken in silver in Ahmedabad market. The rupee saw a mixed move against major global currencies. Slow recovery in crude oil continued. The Bank of England has signaled a negative interest rate.

In the Mumbai market, the price of 10 grams of gold without GST, which was Rs 2140 yesterday, fell to Rs 31,905 today, while it was Rs 21,511 with a price of Rs 215, which is Rs 2.50. Prices with GST were quoted three per cent higher. Silver. The price of one kilogram, excluding GST, was Rs.

In the Ahmedabad market, silver fell by Rs 1,000 to Rs 2,000 per kg. Gold fell by Rs 500 to Rs 2.50 per ten grams and Rs 200 to Rs 3.50 per 10 grams.

Gold was trading at ૯૬૩ 18 an ounce and 16 an ounce, while silver was trading at ૨૬ 4.5 an ounce. Palladium was trading at ૨૩૭૯ 6 per ounce while platinum was trading at ૯૫ 21 per ounce. Gold softened after the US Federal Reserve's statement while the dollar index rose. In the US, interest rates are set to remain at zero by 205.

The rupee was mixed against major global currencies in the domestic currency market. The dollar had gained 18 paise to close at Rs 6.5. Above, the dollar was seen at Rs 4.5. The pound gained 3 paise to Rs 2.7 while the euro lost 20 paise to close at Rs 4.5. The Bank of England has signaled a negative interest rate.

Crude oil stocks in the US fell and crude oil continued to improve. New York's crude oil was trading at ૪ 70.8 a barrel, while Brent was trading at 4.5.