Gold-silver decline: Weekly 8% drop in crude

-


(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, gold and silver prices declined in the closed market, market sources said. World market news was also showing a sell-off. Gold prices in the world market fell by 15 to ૭૮૬ 16 an ounce from ૭૮ 161 to ૭૮૨ 16 last weekend.

On the back of gold, global silver also fell by 4.5 to ૨૩ 6.5 an ounce, topping 8.05 to ૩ 2.05. Gold prices also came under pressure in the Mumbai market on the eve of the Rakshabandhan festival as the import cost fell in the Mumbai market.

In the Mumbai market, gold was trading at a lower price of Rs 8.15 per liter, excluding GST, at Rs 8,050, while at Rs 7.50, it was trading at Rs 30, up by Rs 5, while prices with GST were three per cent higher.

In the Mumbai market today, silver was trading at Rs 2,000 per kg excluding GST. While prices with GST were three per cent higher than this. Unemployment claims in the US have dropped to a 15-month low.

In the Ahmedabad jewelery market, gold was trading at Rs 900 for Rs 2.50 and Rs 200 for Rs 4.50, while silver was trading at Rs 200. Meanwhile, global platinum prices were hovering around ૯૮૫ 6 to ૯૮૬ 8 an ounce, although there were indications that the price was hovering around ૯૯૭ 6 to ના 7 over the weekend.

There was talk of platinum finding support as copper prices rebounded. Copper prices were quoted at 1.8 to 2.00 per cent higher over the weekend. However, platinum prices have fallen by 3 to 4 per cent this week.

Palladium prices in the world market fell from ૨૩ 602 to ૯ 705 an ounce, with prices falling below ૨૩ 500 to ૨૨૭૬ 6 to ૨૨૭૭ 7 over the weekend. Palladium prices fell 12 to 15 per cent this week as supply increased, marking the biggest weekly decline since March 2020, market sources said.

The fall in world crude oil prices has had an impact on gold prices. Crude oil prices further declined over the weekend to ન 2.15 a barrel on New York crude and ૬૫ 6.15 a barrel on Brent crude. Experts feared that the growing delta crisis in the world would hit the demand for crude. Brent crude fell nearly eight per cent this week, the biggest drop in nine months, according to world market analysts.


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