Slow improvement in gold and silver at home

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(By commercial representative) Mumbai, Ta. Thursday, November 26, 2020

Domestic sentiment was also on the back of a slow recovery in the precious metal in the world market. However, after Diwali, there is no special demand and the improvement in prices is limited. Platinum and palladium prices have risen on the back of industrial demand in China. The rally in crude oil saw a stabilization in hanging prices. The dollar continued to weaken in the domestic currency market.

At home, gold in the Mumbai market, which is 3.50 per ten grams excluding GST, improved modestly to close at Rs. Prices with GST were quoted three per cent higher. Gold for immediate delivery rose by Rs 5 to Rs 2.50 per ten grams.

Prices with GST were quoted three per cent higher. Silver. The price of one kg excluding GST, which was Rs 31,201 yesterday, rose to Rs 4,050 today. Prices with GST were quoted three per cent higher.

The Ahmedabad market saw a stabilization in gold and silver. Gold was quoted at Rs 30,700 per ten grams and Rs 2.50 per 21,000. Silver.2 The price of one kg was closing at Rs 31,500.

The world price of gold, which was at ૮ 1,215 an ounce, was trading at ૮ 1,215 an ounce late this evening. Silver was trading at ૩૪ 2.50 an ounce, up from 4.5. Platinum, a precious metal for industrial use, was trading at ડો 6 an ounce, up from ૯૫ 21 an ounce, while palladium was trading at ૨૩૭૭ 8 an ounce, up from 3 an ounce. Fundraising in gold was also due to rising unemployment claims in the US. In the United States, the number of new claims was 4.5 lakh.

Platinum and palladium are improving as industrial demand picks up as China announces lower interest rates. In the domestic currency market, the dollar fell by five paise to Rs 2.7, the pound by 11 paise to Rs 7.5 and the euro by six paise to close at Rs 4.5.

World markets saw a stabilization in the price of crude oil. New York crude was trading at ૨૩ 6.5 a barrel, while Brent crude was trading at 4.5. In the United States, stocks fell by 3.5 million barrels.


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