The decline in gold and silver in the world market also led to a decline in the Mumbai market

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(By commercial representative) Mumbai, Ta. 11 September 2020, Friday

Gold and silver prices retreated over the weekend in the global market, while domestic prices also declined. Global currencies saw renewed gaps in the pound today, while crude oil has been on a downward trend. The market is keeping an eye on US inflation and Britain's GDP.

In the domestic market, gold in the Mumbai market, which is Rs 2.50 per ten grams excluding GST, closed at Rs 4,150 yesterday and today it has come down to Rs 4,105 and finally closed at Rs 415. Gold was trading at Rs 31,401 with a price of Rs 215 at Rs 2.30. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram was Rs. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, silver was trading at Rs 200, gold at Rs 4.50 and Rs 7,000 at Rs 8.50.

In the world market, the price of an ounce of gold rose from ૯૪૮ 15 to ૯૬૬ 16 and was trading at ૯૪૪ 16 late in the evening. Silver was trading at ૮ 4.5, up from ૮ 2.09. Platinum was trading at ૯૩૬ 8 per ounce, while palladium was trading at ૨૩ 602 an ounce at ૨૩ 201.

Players are keeping an eye on inflation figures in the US and GDP figures in Britain.

In the domestic currency market, the dollar rose by 3 paise to close at Rs 4.5. The highest was seen at Rs 4.5. Yesterday's correction in the pound did not last and today there were new gaps. The pound lost 15 paise to close at Rs 4.5. The bottom was seen at Rs 4.11. The euro gained 17 paise to close at Rs 2.05. Negative reports on the Brexit issue have put pressure on the pound. Globally, the pound has seen its biggest weekly decline in six months this week.

Crude oil saw narrow fluctuations over the weekend. Brent was trading at ૯૫ 4.5 a barrel, while New York crude was trading at ૩૫ 4.5.

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