Gold and silver crash: Ahmedabad silver Rs. 1500 broken

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(By commercial representative) Mumbai, Ta. 30 November 2020, Monday

Mumbai Jewelery Bazaar and Money Market were closed today on the occasion of Guru Nanak Jayanti. But behind the world market, gold and silver prices in Mumbai plummeted in private. Crude oil was also weakening in the world market.

In the Mumbai market, the price of 10 grams of gold excluding GST at Rs 2.50, which was Rs 200 last weekend, fell to Rs 200 and the price of 9.50 to Rs 500 was quoted at Rs 2,000. Prices with GST were quoted three per cent higher. Silver.2 The price of one kg was Rs. Prices with GST were quoted three per cent higher.

In the Ahmedabad jewelery market, gold fell by Rs 200 to Rs 500 per ten grams and Rs 500 to Rs 7.50 per ten grams. Silver fell by Rs 150 to close at Rs 200.

Gold was trading at ૭૭૨ 18 an ounce and 17 an ounce, while silver was trading at ૨૨ 2.15 an ounce. Platinum was trading at ૯૬૮ 6 an ounce, while palladium was trading at ૨૪ 801 an ounce, down from ૨૪૨૮ 8 an ounce. November was the worst month in four years in terms of gold prices in the world market. Gold prices fell 3 per cent in November, the highest since November 2016.

World crude oil prices remained stable amid the OPEC meeting. Doubts remain over whether to agree on a cut in crude oil production. After Nigeria, Iraq has also called for an increase in crude oil production. New York's main contract, light sweet crude for delivery in New York, was at ૮૬ 4.5 a barrel and Brent crude was trading at 4.5 a barrel.


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