The British pound bounced above Rs 100

-

(By commercial representative) Mumbai, Ta. 24 December 2020, Thursday

At the back of the world market, gold and silver prices rose again after absorbing the shock of the recession. Ahmedabad silver saw an increase of Rs 1,000. The pound jumped to Rs 100 in the domestic currency market. The pound strengthened after the Brexit trade deal was finalized while the euro weakened. Crude oil was also under pressure.

At home, gold in the Mumbai market rose by Rs 31 to Rs 3.50 per 10 grams, excluding GST. The rupee was trading at Rs 4.50 with a value of Rs 2.50. Prices with GST were quoted three per cent higher. Silver. The price of one kg was closing at Rs. 21 with Rs. Prices with GST were quoted three per cent higher.

In Ahmedabad, silver rose by Rs 1,000 to Rs 2,000 per kg, while gold rose by Rs 100 to Rs 31,600 per ten grams and Rs 31,200 per ten grams.

Gold for immediate delivery rose by ડો 150 an ounce to ૮૭૩ 16 an ounce in late trade, while silver was trading at ૨૫ 2.81 an ounce, up from ૨૮ 4.5 an ounce. Platinum rose from ૧ 1,008 to ૨૩ 105, while palladium hovered around 8 an ounce.

In the domestic currency market, the dollar fell by 3 paise to Rs 2.8, the euro by 2 paise to Rs 6.5 and the pound by 105 paise to close at Rs 100.05. Consensus between Europe and Britain on the post-Brexit trade deal strengthened the pound. The pound has risen in anticipation of the deal benefiting Britain.

The rising case of Corona continued to put pressure on crude oil prices. New York crude was trading at à«­à«« 4.5 a barrel, while Brent was trading at 70.81. A fire at a large oil field in Nigeria has threatened to disrupt supplies of crude oil.

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