Gold-silver decline halted, Ahmedabad gold at Rs. 51000

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(By commercial representative) Mumbai, Ta. 15 December 2020, Tuesday

The back of the world market saw an improvement in the price of domestic gold and silver. Ahmedabad gold was at Rs 31,000 while silver was at Rs 200. The local currency market saw the pound retreat while the dollar closed moderately high. Global crude oil remained stable. The market is keeping an eye on the progress of vaccination against Corona vaccine.

At home, the GST-free price of 10 grams of gold in the Mumbai market, which had closed at Rs 5 yesterday, rose to Rs 305. Prices with GST were quoted three per cent higher. Gold was closing at Rs 4.50, up from Rs 2.50.

Prices were quoted three per cent higher with GST. Silver.2 The price of one kg rose from Rs 200 to Rs 4,150. Prices were quoted three per cent higher with GST.

Ahmedabad gold rose by Rs 200 to Rs 30,600 per ten grams at Rs 2.50 and Rs 21,000 at Rs 4.50. Silver.2 The price of one kg rose by Rs 200 to Rs 300.

World gold was trading at વાળા 16 an ounce, up from ૮૨૬ 12 an ounce, while silver was trading at ૨૪ 2.81 an ounce, up from ૮૩ 4.5 an ounce. Other precious metals such as palladium and platinum showed stability.

Palladium was trading at ૨૩૨૭ 6 an ounce, while platinum was trading at ૨ 1,081 an ounce. Following the corona vaccine globally, players are now keeping an eye on the progress of vaccination.

In the Mumbai currency market, the dollar rose seven paise to Rs 2.8, the euro rose 18 paise to Rs 2.8 and the pound fell three paise to close at Rs 2.09.

Crude oil prices were hitting. The first quarter of the new year also saw no significant decline in crude oil prices, despite OPEC expecting global demand to remain sluggish. Global demand for crude oil is expected to decline by one million barrels per day at the start of the new year. New York's main contract, light sweet crude for delivery in New York, traded at ૯૪ 4.5 a barrel and Brent crude was trading at 70.5 a barrel.

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