Upside down of Rs 6000 in silver in a single day

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(By commercial representative) Mumbai, Ta. 21 December 2020, Monday

The pre-Christmas global market saw a huge uptick in gold and silver prices at home as a result of the panic in the precious metal. Silver prices fluctuated between Rs 2,000 per kg. Reports of new outbreaks of coronavirus have sparked renewed lockdown in many parts of the world. The pound broke in the local currency market.

At home, the GST-free price of 10 grams of gold in the Mumbai market, which was Rs 200 at the end of the week, closed at Rs 308, up from Rs 200 today. Gold rose by Rs 200 to Rs 305 and closed at Rs 30,605. Prices were quoted three per cent higher with GST. Silver. The price of a kilogram of GST has gone up from Rs. 200 to Rs. 500. Finally, it fell behind the world market and closed at Rs. Silver prices were quoted three per cent higher with GST.

In the Ahmedabad market, gold was priced at Rs 31,600 per ten grams at Rs 2.50 and Rs 31,200 at Rs 9.50. Silver rose by Rs 200 to Rs 200.

Gold in the world market crossed ૯ 1,200 per ounce and fell to ૮૮૪ 15 in the late evening. Gold was trading at ૮૮ 161 last weekend. Silver crossed ૨૭ 7 at one point of ૮ 2.81 and traded at ૪૨ 4.5 late in the evening.

Reports of a new corona virus spreading in Britain saw a resurgence of the precious metal coming to a renewed lockdown. Palladium was trading at ૨૩ 215 an ounce, down from ટ 8 an ounce, while platinum was trading at ૧ 1,005 an ounce, down from ૪૨ 105 an ounce.

In the domestic currency market, the pound lost 15 paise to Rs 2.8 and the euro fell 3 paise to Rs 2.8, while the dollar rose by 3 paise to Rs 7.5. Crude oil fell five per cent intraday in the wake of the recession. Late in the evening, New York crude was trading at à«® 4.05 a barrel and Brent crude was trading at. 70.15.

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