Gold and silver fall, rupee weakens against global currencies

-

(By commercial representative) Mumbai, Ta. 28 September 2020, Monday

The back of the world market saw a modest decline in gold and silver on the first day of the week. Crude oil was weakening while the rupee was weakening in the currency market despite the country's stock market rising.

At home, the gold price in the Mumbai market, which was Rs 2.50 per 10 grams, was Rs 200 excluding GST at the end of last week. At 2.50, gold was trading at Rs 5, up from Rs 50. Prices with GST were quoted three per cent higher. Silver. The price of one kg excluding GST was Rs. 500 from Rs. Prices with GST were quoted three per cent higher. There was chaos in the silver.

In the Ahmedabad market, silver fell by Rs 100 per kg to close at Rs 200. Gold remained relatively calm. The price of ten grams at Rs 2.50 was Rs 31,100 and Rs 9.100 was at Rs 9.50.

Gold was a bullish trend in the world market. At ૮૬૨ 15 an ounce, it was 161. Silver was trading at ૮૯ 4.05 with a volume of 7.5. Platinum was quoted at ૮૪૯ 6 per ounce, while palladium was quoted at ૨૨૩૨ 6 per ounce. The pre-election debate between US presidential candidate Dr Biden and Trump is set to begin tomorrow. Globally, bullish futures in gold are declining.

The rupee weakened against major currencies despite a rally in the country's stock markets. The dollar had gained 19 paise to close at Rs 2.8, the pound had gained 8 paise to Rs 2.31 and the euro had gained five paise to close at Rs 7.5. Crude oil prices have been steadily rising on the back of rising supply from Libya.

The undertone is looking soft. The daily supply of oilfields in Libya, which used to be 20,000 barrels, has risen to 2.50 million barrels.


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