Retreat in crude: Mumbai gold and silver continue to improve

-


(Via our commercial representative) MUMBAI: Behind the world market, gold and silver stocks advanced in Mumbai today. Crude oil prices have retreated below ડો 50 a barrel. The rupee weakened marginally against the dollar. Palladium, another precious metal behind gold and silver, was also on the upside.

In the Mumbai local gold and silver market, the price of gold, excluding GST at Rs 2.50 per ten grams, which had closed at Rs 305 last weekend, rose to Rs 319 today. Prices with GST were quoted three per cent higher. The price of gold, which was Rs 2,005 last Friday, closed at Rs 71 today. Prices with GST were set at three per cent higher. Silver. The price of one kg was Rs.

In the Ahmedabad market, gold was priced at Rs 30,600 per ten grams and Rs 30,700 per 6.50. Silver.2 Rs 200 per kg remained stable.

World gold was trading at ૮૬૫ 18 an ounce and silver at ૨૨ 6.5 an ounce. Platinum was quoted at à«® 1,081 while palladium was quoted near ડો 5,100 with 203 per ounce.

The dollar index fell to ૭ 3.07 from a 12-month high of ૨૭ 4.5. Fund buying in gold remained firm in price. The US Consumer Confidence Index has fallen to a ten-year low after inflation hit a 21-year high in the US.

Crude oil prices have retreated for a variety of reasons. Crude oil prices have been on a downward trend since the rise in the number of rigs producing crude oil in the US and the expected move to lower crude oil and the US move to ease stocks from its strategic petroleum reserves.

New York's main contract, light sweet crude for delivery in New York, fell below 20 a barrel and traded at 6.5 a barrel, while Brent was trading at à«® 50.5 a barrel late in the evening. In the domestic currency market, the dollar rose by 3 paise to Rs 6.5.

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