Slow recovery in gold and silver hangover prices

Mumbai, Ta. 20 November 2020, Friday

Following the global market, domestic gold and silver prices saw a slow recovery. The dollar weakened in the currency market. Crude oil prices remained bullish. Pfizer has introduced the Cora virus vaccine for emergency use in the United States. The Government of India has modestly increased the dollar exchange rate for importers from Rs 2.15 to Rs 2.50.

In the Mumbai market, the price of 10 grams of gold excluding GST of Rs 3.50, which was Rs 1,015 yesterday, improved modestly to close at Rs 30,605 today. At Rs 3.30, it was closing at Rs 30,605 with a price of Rs 305. Prices with GST were quoted three per cent higher. Silver.2 The price of one kg was Rs. Prices were quoted three per cent higher with GST.

In the Ahmedabad jewelery market, gold was priced at Rs 3,100 per ten grams at Rs 2.50 and Rs 200 at Rs 9.50. Silver.2 The price per kg was Rs.500.

In the global market, gold was trading at ૮૬૬ 16 an ounce, up from ૯૮ 6.5 an ounce and 6.15 an ounce.

In the domestic currency market, the dollar was down 19 paise at Rs 2.15, the pound was up 3 paise at Rs 2.3 and the euro was up 3 paise at Rs 6.5. Crude oil saw a sustained trend over the weekend. New York crude was trading at 8 a barrel, while Brent was trading at ૫૪ 4.5 a barrel.