Gold and silver boom continues: Marriage demand indicates

-


(By commerce representative) MUMBAI: Gold and silver gained on the fifth day of gains locally behind the global market. Globally, the dollar index weakened, leading to fund buying in gold. There were indications that the demand for marriage had also gone out among the locals. Crude oil prices remained firm. Demand for crude oil is expected to ease as the US eases travel restrictions.

In the domestic gold and silver market, the price of gold at Rs 9.50 per ten grams, excluding GST, which was Rs 5 yesterday, was today raised to Rs 305. Gold, which was trading at Rs 305, was trading at Rs 715 today. Prices with GST were set at three per cent higher.

Silver. The price of one kg excluding GST which was Rs. 3 yesterday has risen to Rs. 30 today. Domestic prices rose as import costs rose in world markets. On this day of Labhpancham, the demand for marriage was said to have gone up.

Gold traded at ૮ 12 an ounce, up from 1,215 an ounce, while silver was trading at ૩૬ 2.3 an ounce, up from ૨૬ 4.5 an ounce. Platinum, the other precious metal, rose from ૪૩ 105 to ૫૬ 105, while palladium rose from ૨ 206 an ounce to ૨ 303 late in the evening. Weakness in the dollar index led to fund buying in world markets.

Crude oil, meanwhile, rallied in anticipation of a surge in tourist arrivals as the United States eased regulation on global tourists. The passage of the US Infrastructure Bill also helped keep crude oil prices tight.

There were reports that daily demand for crude oil rose again to an earlier level of 100 million barrels. New York crude was trading at à«©à«« 4.5 a barrel, while Brent was trading at 4.5.

Comments

Post a Comment

Popular posts from this blog

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

Proposal to limit the financing provided by NBFC for IPO payment

-
Image
Mumbai, Ta. Saturday, January 23, 2021 In a discussion paper on the new regulatory framework for non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has proposed to tighten the standards for lending by NBFCs and real estate lending to fill IPOs. The IPO financing conducted by NBFCs was thoroughly investigated. Banks have a financing limit of Rs one lakh for IPOs but no such limit in the case of NBFCs. For some NBFCs, IPO financing is a big business. Considering the different business models of NBFCs, it is proposed to have a limit of Rs 1 crore per person for any NBFC. The NBFC may set the following limits, the discussion paper said. There is also a proposal not to allow NBFCs to provide loans to companies for buybacks of shares and securities. In addition, the company's directors have set strict standards for providing loans to their relatives. Before deciding on a real estate loan proposal, the NBFC will have to make sure that the parent company has obtai...
Read more

Talks of joining the world's three largest economies also disappear organized employment

-
Image
- Increasing pressure to accept self-employment with low income The unemployment rate has been decreasing in the country for the last five years. The unemployment rate which was 6 percent in the financial year 2017-18 has come down to 3.20 percent in the last financial year. According to the Periodic Labor Force Survey issued by the National Statistical Office, the unemployment rate has declined in recent years in both urban and rural areas of the country. According to the latest data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate fell to 7.10 percent in September from 8.10 percent in August. A low rate of unemployment is welcome in any country, but it is also essential that qualified or qualified job seekers find employment according to their qualifications. The economic development of the country has been responsible for the change in the employment picture in the country in the last five years. As the progress of the country's economy reaches rural...
Read more