In Ahmedabad silver, Rs. A gap of 7000

(By commercial representative) Mumbai, Ta. 23 September 2020, Wednesday

Domestic behind the world market led to a decline in the precious metal. In Ahmedabad, silver fell further by Rs 1,200 per kg. In three days, silver has lost Rs 5,000. Global investors are shifting from gold to the dollar. Crude oil had a bearish trend.

At home, the GST-free price of ten grams of gold in the Mumbai market, which closed at Rs 4,050 yesterday, fell to Rs 4,020 today. Gold was trading at Rs 705, up from Rs 705 at Rs 2.50. Prices with GST were quoted three per cent higher. Silver was down by Rs 2 per kg to Rs 205. At the bottom, silver was seen at Rs 215. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, silver lost another Rs 1,200 today. In three days, silver has seen a decline of Rs 2,000. Ahmedabad silver fell by Rs 200 today. Gold fell by Rs 20 to Rs 2,140 per ten grams at Rs 2.50 and Rs 4,150 to Rs 9.50 per ten grams.

Gold prices in the world market were quoted at ૯ 18 per ounce, up from ૯ 1,305. Silver was trading at ૨૩ 2.81 an ounce, down ૩૫ 2.8 an ounce, while platinum was down લર 8 to ૮૭ 21 and palladium was down ૨૨૭૭ 8 an ounce. Gold holdings in the world's largest gold ETF SPDR have come down to 12 tonnes. Investors are also withdrawing investment from gold ETFs.

The dollar index is seeing an increase. The homeowner saw stability in the dollar. The dollar had lost two paise to Rs 4.5. The pound was down 105 paise at Rs 2.7 while the euro was down 3 paise at Rs 4.5.

US crude oil stocks were expected to fall by 3 lakh barrels, rising to 6.5 lakh barrels. Crude oil had a bearish trend. New York crude oil was at ૩૯ 4.50 while Brent was at 21.8.