Silver hits Rs 1,000: Bond yields rise, gold retreats

-


(Gujarat News Office) MUMBAI: Gold and silver prices retreated in the Mumbai jewelery market today. World market news was showing a decline in precious metals. With the world market collapsing and the import cost coming down, there were more sellers and less buyers in the jewelery market today due to falling prices. In the global market, the dollar index rose and bond and treasury yields rose.

The fall in crude oil prices by more than one and a half per cent in the global market today also had a negative impact on gold prices. Gold prices in the world market today fell from ૮૨૨ 15 to ૮૨૩ 15 an ounce to ૯ 1,305 to ૮ 1,210 an ounce. Behind gold, global silver prices also fell by ૨૪ 4.5 to ૬૬ 7.5 to ૩૮ 4.5 to ૩૯ 7.5.

Meanwhile, at home, silver prices fell by Rs 1,000 per kg to Rs 2,000 in the Ahmedabad jewelery market today, while Ahmedabad gold prices fell by Rs 100 per 10 grams to Rs 800 from Rs 2.50 and Rs 2,000 from Rs 8.50.

Other precious metals in the world market also saw a retreat today. Platinum was quoted at ૨૩ 1015 to ૪ 1,015 an ounce, up from ૨૩ 105 to ૨૩ 105 an ounce, while palladium was down from ૬ 215 to ૭ 215 to ૨૩૮૭ 5 to ૨૩૮૮ 8.

New York's main contract, light sweet crude for delivery in New York, fell by 1.5 per cent to ૨૫ 4.50 a barrel and Brent crude from ૬ 61.50 to ૬૫ 21.5 a barrel. New demand was sparse. Saudi Arabia's decision to cut crude oil prices for Asia was also having an impact on market prices, market sources said.

China's trade data was good today, however, as global copper prices fell to minus 1.15 per cent to 1.50 per cent this evening, it had an impact on global silver prices.

Meanwhile, in the Mumbai jewelery market, gold today was trading at Rs 305 per liter, excluding GST, at Rs 8.50 per liter, Rs 2.50 per liter, excluding GST, and Rs 3 per liter, including GST, three per cent higher. Mumbai silver prices today closed at Rs 915, excluding GST, while prices with GST were three per cent higher.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
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

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