Rupee rises despite falling stocks

(Gujarat News Office), Mumbai, Ta. 27 January 2021, Wednesday

Gold and silver prices fell behind the world market in the Mumbai jewelery market today. The Ahmedabad market was also down. Domestic imports have come down due to falling prices in the world market. Meanwhile, despite the stock market crash, the rupee appreciated in the Mumbai currency market today while the dollar depreciated, market sources said. In the Ahmedabad market, silver fell by Rs 200 to Rs 200 per kg, while gold by Rs 10 per kg. 200 was broken, Rs. 30,700 of 2.50 and Rs.

In the Mumbai Zaveri market today, gold without GST fell from Rs 2.15 to Rs 3.15 and gold fell to Rs 5 from Rs 7.15, while silver fell by Rs 305 to Rs 20 without GST.

Meanwhile, gold prices in the world, which were at ૮૬૨ 12-13 an ounce on Monday, fell sharply in two days to ૮૪ 161-14 this evening. Behind gold, silver also fell from ૬૨ 7.5 to ૬૩ 7.5 in two days in the global market to ૨ 6.15 to ૨૫ 2.50 this evening.

Following the global market, even at home, due to falling import cost, there were more sellers and less buyers due to falling prices in the jewelery market. Meanwhile, selling of funds in global gold has increased as the dollar index has risen in world markets. At the time of writing, however, world market players were watching the ongoing Federal Reserve meeting in the United States.

Meanwhile, in the Mumbai currency market, the dollar fell by two paise to close at Rs 4.5 after falling to a low of Rs 4.5 today, while the British pound rose three paise from Rs 100.15 to Rs 100.15. The euro was down 50 paise at Rs 4.5. Japan's yen fell 0.15 percent.

The global dollar index, however, was higher today. There was news that the International Monetary Fund had downgraded Europe's growth outlook. Crude oil prices were sluggish in world markets this evening. New York's main contract was ૫૨ 2.4 a barrel and Brent's was 4.5. However, in the US, crude oil stocks were expected to rise by 320,000 barrels, but instead there was news that such stocks fell by 3 lakh barrels.