Double the discount on gold

(By commerce representative), Mumbai, Ta. 25 December 2020, Friday

Discounts offered to jewelers on gold have increased due to declining demand after Diwali. Despite the wedding season, the demand for gold in the country has not increased as expected, which has led to a doubling of the discount on gold from one dollar per ounce to two dollars. The Mumbai market was closed for Christmas, but private markets saw an improvement in gold and silver prices.

At the domestic closed market in Mumbai, the price of 10 grams of gold, excluding GST, which was Rs 2.50 yesterday, was Rs 7,000 yesterday and Rs 30,000 in private today. The price of ten grams of GST excluding GST of Rs 2.50 was Rs 30,200 with Rs 5. Prices were quoted three per cent higher with GST. Silver. The price of one kg excluding GST was Rs. 300 in private with Rs. Prices were quoted three per cent higher with GST.

In the Ahmedabad market, gold rose by Rs 100. Rs 21,600 for Rs 2.50 and Rs 31,200 for Rs 2.50 were deposited. Silver remained steady at Rs 2,000 per kg.

Jewelers are being offered a discount of more than ડો 1 per ounce on gold by importers who do not demand a wedding at home. In China, the discount figure is ૮ 15 to ૨ 20, while in Hong Kong, Singapore and Japan, market circles are saying that the price is being quoted at a premium due to Christmas demand.

વિશ્વ 16 per ounce of gold in the world market. Silver was trading at ૭ 3.31, down from ૭ 2.81. Platinum rose from ૨૩ 105 to ૨૬ 105, while palladium was trading at ૨૩૪૨ 6 an ounce late in the evening. Prices were higher in the world market amid fan operations.

In crude oil, New York was trading at ૪૮ 2.7 a barrel, while Brent crude was trading at 21.8. The local currency market was closed for Christmas.