Rapid retreat in gold-silver, platinum, palladium

-


(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. World market news was showing a sharp decline in prices. With the world market collapsing and the import cost of precious metals falling, the jewelery market saw more sellers and less buyers.

The rise in bond and treasury yields in the global market and the rise in the global dollar index against various major currencies led to widespread selling of funds in gold in the global market. Gold prices were quoted at વિશ્વ 16 to ૭૩૩ 12 an ounce in the global market today.

Global gold and silver prices also fell by ૬૩ 4.5 to ૬૮ 6.5 an ounce and were trading at ૨ 6.41 to ૨૨ 7.5 an ounce today. In the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 31,000.

Platinum prices in the world market fell by ૯૯૫ 6 to ૯૯૬ 8 an ounce from ૯૮ 60 to આજે 71 today, while palladium prices fell from ૯૯૨ 15 to ૯૯૩ 17 an ounce to ૯૩૯ 15 to 120. Global crude oil prices rose at one point today, crossing the ડો 60 a barrel mark and hitting a high of ૬૯ 30.5 to ૭ 70.50, falling below ફરી 6.5 to ૯૬ 7.5 in the late evening. In the global market, US bond and treasury yields rose to one per cent for five years and one and a half per cent for 10 years.

New York's main contract, light sweet crude for delivery in New York, traded at 4.05 a barrel. In the Mumbai jewelery market, gold today closed at Rs 5, excluding GST, at Rs 8, Rs 8, while it was closing at Rs 4, Rs 8,150, excluding GST.

In Mumbai, silver closed at Rs 4,021 today, excluding GST. Morgan Stanley had indicated that bond yields were likely to rise further to two per cent. If this happens, global gold prices are likely to fall further.

The dollar opened at Rs 4.50 this morning with a low of Rs 4.5, after which it jumped to a high of Rs 4.15 and closed at Rs 4.05. The dollar had gained another 50 paise against the rupee today.

The British pound opened at Rs. The pound was down 18 paise today. Meanwhile, the European currency, the euro, rose today. The euro was trading at Rs 4.5, up from Rs 3.5, to Rs 4.5.

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