A gap of Rs.1800 in Ahmedabad silver

(By commercial representative) Ahmedabad, Mumbai, Ta. 23 December 2020, Wednesday

In the United States, President Donald Trump's refusal to sign the Corona Aid Bill saw a retreat in the precious metal, which led to a decline in gold and silver prices at home. In Ahmedabad, silver fell by Rs 1,200 to Rs 2,000 per kg. Gold fell by Rs 500 to Rs 21,600 per ten grams at Rs 2.50 and Rs 21,200 to Rs 9.50.

The rupee strengthened against major global currencies on the back of gains in Indian stock markets. Prices have improved as Chinese demand for crude oil has increased.

In the Mumbai market, the price of 10 grams of gold, excluding GST, which was Rs 6.50 yesterday, fell to Rs 21 from Rs 4 yesterday. The price of 3.30 was down from Rs. Prices were quoted three per cent higher with GST.

Silver. The price of one kg excluding GST fell sharply to Rs. Prices were quoted three per cent higher with GST.

Gold was trading at ૮૬ 120 an ounce in late trade at ૮૭૪ 120 an ounce and silver at ૨૫ 4.5 an ounce in 4.5 an ounce. Platinum was trading at ૧ 1,008 an ounce, up from ૧ 1,013 an ounce, while palladium was trading at ૨૩૩૪ 8, up from ૨૩૨૭ 8.

In the US, President Donald Trump threatened not to sign a bill for ્યુ 500 billion worth of stimulus, putting pressure on gold as the dollar index rose.

The rupee strengthened against major global currencies as domestic stock markets rebounded. The dollar was down 3 paise at Rs 2.7, the pound was down 19 paise at Rs 2.3 and the euro was down 3 paise at Rs 7.5.

In the US, crude oil stocks rose but prices rose. Rising demand from China has seen a rise in crude oil prices. In the US, stocks were expected to fall by 3 lakh barrels, while they have risen by 3 lakh barrels. New York crude was trading at ૬ 4.15 a barrel, while Brent was trading at 70.5.