2020: Rs 10,900 in gold and Rs 20,700 in silver

-

(By commercial representative) Mumbai, Ta. 31 December 2020, Thursday

While the coronavirus has stunted the country's economic growth in 2020, it has provided huge returns to gold and silver investors in the departing year. In the Mumbai jewelery market, gold has earned an annual return of Rs 10,200 per ten grams and silver Rs 30,200 per kg. Corona led to safe haven buying in gold amid economic uncertainty. The rise in global markets has led to a rise in domestic precious metal prices. Gold has lost ડો 50 an ounce a year in world markets. Silver rose more than ડો 11 an ounce.

On the last day of 2013, the price of gold per ten grams was higher at Rs 10,200 today. Silver also closed higher by Rs 30,600 per kg on an annual basis. In the global market, gold rose from ૮ 1,305 an ounce to ૮૯૫ 16 a year and silver rose from 18.5 an ounce to ૨૬ 2.50 an ounce. The global market has seen a boom in one year as a result of fund-safe Safe Haven Buying. In the domestic currency market, the dollar rose to Rs 2.08 from Rs 71.5 in a year.

Meanwhile, in the domestic Mumbai market, the price of 10 grams of gold without GST, excluding GST, rose from Rs 41 yesterday to Rs 4,001 today. Gold closed at Rs 30,605 with a gain of Rs 80. Prices with GST were three per cent higher. Silver also rose by Rs 305 to Rs 5 per kg. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, silver was up by Rs 500 to close at Rs 200 as compared to yesterday, while gold was up by Rs 500 to Rs 31,600 from Rs 2.50 and Rs 21,700 from Rs 7.50.

World gold prices rose to 15 an ounce yesterday from ૮૭૮ 16 an ounce late today, while silver was trading at ૨૬ 2.50 an ounce, up from ૨૭ 4.5 an ounce. As a result of the pullback, platinum rose by ૬૩ 105 an ounce to ૭૮ 105 an ounce, while palladium was trading at ૨૩૮૮ 6 an ounce. Fund buying was taking place in gold as the dollar index weakened.

In the domestic currency market, the dollar fell by 3 paise to Rs 2.09. The pound gained 7 paise to close at Rs 4.5 while the euro fell 20 paise to Rs 2.31.

The world market saw a modest decline in crude oil prices, which are expected to increase by five lakh barrels a day from tomorrow. New York's main contract, light sweet crude for delivery at 4.5 a barrel, and Brent crude traded at 21.05 a barrel.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more