Gold softens: Ahmedabad silver rises by Rs 1,000

(By commercial representative) Mumbai, Ta. 25 November 2020, Wednesday

Domestic gold remained moderately soft behind the global market while silver saw a rebound. In the Ahmedabad market, silver rose by Rs 1,000. The dollar weakened further in the local currency market. The firmness was maintained in crude oil. The new government in the United States is preparing to become active and the countries of the world are also preparing a vaccination plan against the anti-corona vaccine.

At home, the excise duty on gold and gram in Mumbai market, which was Rs 8 per 10 grams, which was Rs 5 yesterday, fell to Rs 510 today and closed at Rs 4. At 2.50 gold, the price of ten grams was Rs. Prices with GST were quoted three per cent higher. Silver. The price of one kilogram was Rs. Prices with GST were quoted three per cent higher.

Ahmedabad silver rose by Rs 1,000 to close at Rs 21,500. Gold was closing at Rs 30,700 per ten grams and Rs 21,000 per 2.50 grams.

The price of gold, which was taken by the fund in the world market, was quoted at a high of ૮ 1,303 an ounce, which was 1,215. Silver was trading at 2.15, up from 2.15. Platinum rose from ૯૩ 61 an ounce to ડો 71, while palladium rose by ૨૩૩ 61 to ૨૩૩૪ 6.

In the domestic currency market, the dollar fell by 3 paise to Rs 2.7, the pound by 2 paise to Rs 2.31 and the euro by 3 paise to close at Rs 4.5.

Crude oil prices remain firm. New York crude traded above ૪૫ 6 a barrel at ૫ 2.15, while Brent traded above ૪૮ 9 at ૨૩ 2.3. Crude oil is slowly recovering in anticipation of a strengthening in the global economy in 2021.