Gold-silver decline: Global gold falls below 50 1850

-


(Gujarat News Office) MUMBAI: The bullion market in Mumbai jewelery market was officially closed today due to Saturday. The weather was mild in the closed market. With the world market prices falling and the import cost falling at home, falling prices in the jewelery market kept sellers high and buyers low. In the Ahmedabad market, gold was trading at Rs 30,600 per 10 grams at Rs 20.50 and Rs 30,600 at Rs 9.50 per 10 grams, while Andavad silver prices fell further by Rs 200 per kg to Rs 200.

In the Mumbai market, the price of silver excluding GST was Rs 200 at Rs 200, while the price of gold without GST was Rs 900 at Rs 2,050 for 2.50 and Rs 2,000 for Rs 8.50. Prices, including GST, were three per cent higher in both the precious metals. In the currency market, the dollar rose further by Rs 4.5 against the rupee in the previous session, market sources said.

Meanwhile, gold prices in the world market fell below ૮૬ 161 to ૮૬૨ 16 an ounce and remained below ૮૫ 150 for the last weekend. Behind gold, global silver prices also fell by ૭૪ 2.7 to ૭૫ 4.5 an ounce, from ૬ 4.31 to ૬૨ 7.5 an ounce.

While the price of platinum fell from ૩૮ 105 to ૩૯ 105 to ૩૩ 105 to ૩૪ 105 to 105. Palladium prices were hovering between ૮૯ 203 and ૯ 4,050, with the price hovering around ૬ 2,031 to ૬૨ 505 over the weekend. Significant growth in gold exports from Switzerland to China led to a new record in monthly exports after June 2016.

The fall in world crude oil prices had a softening effect on global gold. New York's main contract, light sweet crude for delivery in New York, fell sharply to 6.5 a barrel and was last seen trading at ૫૯ 4.5 a barrel, while Brent crude was last seen trading at 4.5 a barrel. Crude prices have fallen 3 to 4 per cent this week.

Crude oil prices have plummeted in Europe as cases of corona have increased and indications have been circulating that various countries will release crude oil from their reserves. Copper, meanwhile, traded higher by 8.10 per cent to 6.15 per cent in global markets over the weekend.


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