- Gold-silver prices rise again

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Mumbai, Ta. 29 September 2020, Tuesday

The back of the world market saw a big jump in gold and silver prices. Corona has led to renewed lockdowns in various parts of the world. The rupee was weakening in the domestic currency market while crude oil was seen declining.

In the domestic market, gold in the Mumbai market, which is Rs 4.50 per ten grams excluding GST, improved from yesterday to Rs 205 today.

Gold was trading at Rs 705, up from Rs 4.50. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram which was Rs. 2051 yesterday was more than Rs. 2000 and closed at Rs. Prices were three per cent higher with GST.

In the Ahmedabad market, gold rose by Rs 500 to Rs 31,600 per ten grams and closed at Rs 21,400 per 8 grams. Silver.2 The price of one kg rose by Rs 1,200 to close at Rs 30,000.

The price of an ounce of gold in the world market was ૮૬ 161 to ૮૮૯ 16 an ounce. Silver traded at ૨૪ 6 an ounce, up from ૩ 4.05 an ounce in late trading. The other precious metal, platinum, was trading at ૮૬૪ 4, up from ૮૬૪ 5, while palladium was trading at ૨૨૩૨ 8, up from 4.

In the US, positive reports of Corona stimulus have been circulating in the funded gold. Stimulus may force additional dollars to be printed.

In the Mumbai currency market, the dollar rose by five paise to Rs 2.8, the pound by 20 paise to Rs 3.11 and the euro by 50 paise to Rs 6.5. The absence of new buyers in crude oil has seen prices come under pressure. New York crude was trading at 70.5 a barrel, while Brent was trading at 4.5.


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