Rs.1000 crash in silver: Wind of decline in world behind jewelery market

-


(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. With prices falling further in the global market, the domestic import cost has come down and as a result, prices in the jewelery market have come under pressure, leading to more selling and less buying in the declining market, market sources said.

The rise in the dollar index in world markets, as well as rising bond and treasury yields, led to a sell-off in gold. Unemployment claims in the US have plummeted to a 30-year low, with job markets rising and the global dollar index rising.

Gold prices in the world market today were ૭૭૨ 16 to વાળા 16 an ounce, up from à«­à«­à«« 12 to 12 an ounce. Behind gold, global silver also fell from ૬ 2.15 an ounce to à«­ 6.15 an ounce and was trading at ૮૮ 71.8 to ૮૯ 71.8 an ounce today.

Meanwhile, the fall in gold prices in the world market, however, slowed down today on the back of rising crude oil prices in the world market. New York's main contract, light sweet crude for delivery in New York, traded lower at. 61.15 a barrel and then rose to ૬૨ 71.8 a barrel today.

Brent crude traded lower at ૬૮ 4.10 to 6.10. At home, silver prices fell by Rs 1,000 to Rs 21,000 per kg in the Ahmedabad jewelery market today, while Ahmedabad gold fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50.

In the world market, the price of platinum today was થઈ 6 to વાળા 6 per ounce, up from ૯૪૨ 6 to જ્યારે 6, while the price of palladium fell from ૮૨૮ 15 to ૮૨૯ 16, falling below à«® 1,200 and was at à«­à«® 121 to આજે 12 today.

In the Mumbai jewelery market, gold today was trading at Rs 5, excluding GST, at Rs 9, Rs 8, Rs 8, 9, at Rs 8.20, while with GST, it was up 3 per cent. Mumbai silver prices were quoted today at Rs 305, excluding GST.

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