Retreat in precious metals: Ahmedabad gold at Rs. 750 broken

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(By commercial representative) Mumbai, Ta. 07 January 2021, Thursday

Domestic gold and silver prices in the back of the world market saw a retreat from high headlines. In the Ahmedabad market, gold fell by Rs 20 to Rs 2,000. With the dollar index rising, the fund was sold in world markets. The dollar rose against the rupee in the domestic currency market while Bitcoin saw a new high. Crude oil prices were pro-reform.

At home, gold in the Mumbai market fell by Rs 3.50 per 10 grams, excluding GST, from Rs 215 yesterday to close at Rs 305. Gold was down by Rs 4,150 from Rs 2,150. Prices were quoted three per cent higher with GST. Silver. The price of one kg fell sharply from Rs. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, silver fell by Rs 200 to close at Rs 200. Gold fell by Rs 20 to Rs 30 per ten grams at Rs 2.50 and Rs 50 to Rs 3.50.

In the world market, the price of an ounce of gold rose from ૯૪૮ 15 to ૯ 1,305 and was trading at ૯ 1,215 in the late evening. Silver was trading at ૫ 2.15, up from 4.5. Platinum, another precious metal, fell from ૮ 1,105 to ૯૮ 105 an ounce, while palladium fell from ૨૪૬૮ 8 to ૨૪૨૪ 8.

Against the basket of currencies, the dollar index rose to a three-year low of 7.5. There were reports of the dollar index easing in funded gold and turning to investing in dollars.

In the domestic currency market, the dollar rose by 50 paise to Rs 2.31, the pound by 3 paise to Rs 2.8 and the euro by 3 paise to Rs 4.5. The cryptocurrency Bitcoin hit a new high of over ડો 5,000 per unit.

New York's main contract, light sweet crude for delivery in New York, was quoted at ૫ 20.8 a barrel and Brent crude at 4.50 a barrel. Brent is expected to hit 80 a barrel by June and ૬૩ 6 a year later.


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