The back-to-back gold-silver recession in the global market breaks down

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(By commercial representative) Mumbai, Ta. 12 January 2021, Tuesday

Behind the world market, domestic gold and silver prices continued to decline and prices were in favor of recovery amid weakness. The dollar closed lower on gains in the stock market. Crude oil saw a recovery. Bitcoin saw a lot of chaos.

At home, the gold price in the Mumbai market was Rs 2.50 per ten grams, excluding GST. Gold was up by Rs 5 to close at Rs 5. Prices with GST were quoted three per cent higher.

Silver. The price of one kg excluding GST was closing at Rs. Prices with GST were quoted three per cent higher.

In the Ahmedabad market, gold rose by Rs 100 to Rs 21,100 per ten grams at Rs 2.50 and Rs 21,200 to Rs 9.50 per ten grams. Silver rose by Rs 200 to Rs 500 per kg.

World gold was trading at ૮૪૮ 19 an ounce, ૮૪૮ 14 an ounce, silver at ૯૭ 4.5 an ounce, and platinum at ૬૮ 105, up from ૫ 1,050. Palladium was trading at ૨૩૯ 61 an ounce, up from 50.

In global markets, the dollar index fell to 70.5. In the domestic currency market, the dollar fell by 16 paise to close at Rs 6.5. The cryptocurrency Bitcoin rebounded on Tuesday after falling as much as 15 per cent on Monday, hitting ભાવ 3,000 late in the evening.

There were reports of crude oil rising again. New York crude was trading at ૯૪ 4.5 a barrel, while Brent was trading at 4.5.


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