Gold-silver bulls break: Crude oil retreats too

-


(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today on a bearish reaction. Gold prices in the world market were reported to be on a downward spiral after hitting an all-time high of ૯ 1,200 an ounce. Global gold prices hit a nine-month high. Gold prices rose to ૯ 1,200 a barrel as tensions between Russia and Ukraine rose again. After that, however, the boom seemed to erupt.

Meanwhile, crude oil prices were also on the decline. Gold prices soared as world stock markets plummeted. Meanwhile, the dollar's sharp fall against the rupee in the domestic currency market today had a softening effect on the jewelery market.

World gold prices rose to ૯ 1,200 from ૮૯ 161 to ૮૯૨ 16. Silver also fell sharply to 4.5 from 2.50. In the Ahmedabad market, gold prices fell by Rs 500 per 10 grams to Rs 31,600 from Rs 2.50 and Rs 21,200 from Rs 3.50. Ahmedabad silver was trading at Rs 50 per kg. Unemployment claims in the US were reported to have risen to 3 lakh 6 thousand.

Meanwhile, crude oil prices in the world market remained on the decline. New York's main contract, light sweet crude for delivery in New York, traded lower at ૮૯ 6.8 a barrel late this evening, while Brent crude traded lower at 61.15 a barrel. However, as per today's indications, some cargo deals of dated Brent crude type in North-Sea area traded above ડો 100 to ૮ 100.50.

However, such deals were rare and according to global time on Wednesday such deals were of some quality crude while Russia and Ukraine dispute escalated. At that time, the market price was ૯૬ 3.

Meanwhile, analysts were predicting an increase in crude production in the US. In the Mumbai jewelery market, gold prices today were Rs 5, excluding GST, at Rs 205 for Rs 2.50 and Rs 3, Rs 9.20 for Rs 9.20. Prices, including GST, were 5 per cent higher than this.

Mumbai silver prices today were at Rs 205, excluding GST, while prices with GST were up 5 per cent. In the Mumbai market, gold and silver prices fell after opening higher in the morning. The impact on the crude market was seen as the possibility of increasing Iran's crude oil supply in the world market increased.

Rupee rebounds against dollar

In the Mumbai currency market today, the dollar fell sharply against the rupee to close at Rs. The rupee appreciated in the currency market today despite a retreat in the stock market. After opening at Rs 6 this morning, the dollar closed at Rs 4.05, a low of Rs 4.50 and a low of Rs 4.5. Players were stunned as the dollar fell sharply by 3 paise today.


Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Important information about thermoplastic elastomers

-
Image
- Industrial Guidance : Dhiru Parekh Thermoplastic elastomers (TPE) are a class of polymers or physical mixtures of polymers such as (plastic and rubber). Both these materials have thermoplastic and elastomeric properties. Many elastomers are thermoset, thermoplastic contrast relative to injection molding. Thermoplastic elastomers are rubbery as well as plastic materials. Its process is similar to that of plastic. The structures of thermoset elastomers and thermoplastic elastomers are cross-linking bonds. TPE does not require a curing or vulcanizing process. TPE entered the market around 1959 and its major average growth has been in the automotive sector. According to market research, the consumption of TPE was 2000 kt in 2005. As much as it was then in 2007 wordwise consumption was 2500 kt. As much as it was estimated, there was an increase of 12%. Finally, by the end of 2008, the consumption of TPA increased to 3000 kt. As much as it was. The automotive market has been a niche m
Read more