On the eve of Independence Day, the jewelery market is booming

-


(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. Closed markets, however, saw prices rebound behind world markets. Gold and silver prices rose sharply in the jewelery market on the eve of Independence Day today as import prices rose in the domestic market.

In the Ahmedabad jewelery market, gold prices rose by Rs 200 per 10 grams to Rs 900 from Rs 2.50 and Rs 300 from Rs 4.50, while Ahmedabad silver prices rose by Rs 200 to Rs 300 per kg. Growing markets slowed new sales. There was talk of increased demand. Meanwhile, in the Mumbai Bullion Market, gold prices rose by Rs 215 to Rs 9.30 per liter, excluding GST, to Rs 30, Rs 3.30 per piece from Rs 7.50 to Rs 310 and Rs 320 per liter, including GST, three per cent higher than this.

Mumbai silver prices today were trading at Rs 500, excluding GST, while prices with GST were three per cent higher.

Gold prices in the world market jumped further from ૭૬ 151 to ૭૬૨ 15 an ounce and reached the head of ૭૭૯ 15 to ૭૮ 130 last weekend. Behind gold, global silver prices also jumped by ૨૩ 4.5 to ૪ 2.50 an ounce, last trading at ૭૪ 4.5 to ૭૫ 7.5.

In the US, the Sentiment Index fell 19.20 per cent to close at 61.50, sending gold prices soaring. Such a weak state of consumer sentiment in the United States was seen earlier in April 2020 and earlier during the Great Depression of 2008. This was stated by market experts.

Other precious metals have also risen in the world market behind gold. Platinum rose by ૨૬ 105 to ૨૭ 105 an ounce to ૩૨ 105 to à«©à«© 105 an ounce, while palladium jumped by ૨૬૩૨ 5 to 8 to ૨૬૪૯ 8 to અંતે 20 over the weekend.

In the Mumbai currency market, the rupee depreciated by Rs 2.3 against the rupee in the closed market today, with the dollar depreciating in the global market.

The weekend has seen a softening on the back of rising crude oil prices in the global market. New York's main contract, light sweet crude for delivery in New York, rose to 6.15 a barrel and fell to ૪૪ 4.5 a barrel.

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