Palladium crash: Prices fall 6 percent to 2000 2,000

-


(Gujarat News Office) MUMBAI: Gold and silver prices declined in the Mumbai jewelery market today. World market news was showing a retreat. There were indications of a big 3 to 4 per cent fall in palladium prices in the world market. Market players were stunned as supply in the palladium rose to ઝડપી 215 to ૫૪ 215 an ounce, falling sharply to below ૨ 4,000 an ounce and hitting ૯૭૪ 12-13 an ounce. Platinum prices in the world market also fell by two and a half per cent today due to the collapse of palladium. Platinum was trading at ૯૫૪ 4 to ઠ 4 an ounce today.

As global bond and treasury yields rose, so did the rise in gold. Global gold prices were at ૭૮૪ 15 to આજે 120 an ounce today. Silver, on the other hand, was quoted at વિશ્વ 2.50 to ૬ 6.31 an ounce, up from 7.5 to 7.5 an ounce.

Precious metals, meanwhile, remained soft on the back of global markets today. Ahmedabad gold price fell by Rs 100 per 10 grams to Rs 900 at Rs 2.50 and Rs 200 per gram, while Ahmedabad silver price fell by Rs 200 per kg to Rs 2,000 today. However, as global crude oil prices continued to rise, there were indications that global gold was gaining ground.

Global crude oil prices were up about half a per cent this evening. New York's main contract, light sweet crude for delivery in New York, traded at થી 70.50 a barrel and ન્ટ 4.50 a barrel. Crude prices were seen rising in the world market as one more hurricane headed towards Texas in the US.

However, with the rise in crude production in Russia, there was news that the new rise in global crude prices was limited today. Daily crude production in Russia was reported to have reached 103 to 104 million barrels.

Meanwhile, gold prices in the Mumbai jewelery market today were Rs 9, excluding GST, at Rs 7.50, Rs 8.50 and Rs 9.30, Rs 9.30. While prices with GST were 5 per cent higher.

Mumbai silver prices closed at Rs 305 today, excluding GST. While prices with GST were 5 per cent higher. Market players were keeping an eye on US inflation figures and the US Federal Reserve meeting next week.


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