Gold-silver solid with Russia-Ukraine heavy fire-like situation

-


MUMBAI: The Kremlin's assertion that a meeting between the US and Russia on the Ukraine issue is setting the stage for a meeting, while the Kremlin's assertion that no concrete plan has been finalized yet, has finally hit gold and silver prices.

Gold in the world market returned to the 1,200 level on Monday morning after the US President Joe Biden and Russian President Vladimir Putin reportedly discussed the Ukraine issue. Crude oil prices also remained firm. Heavy fire-like conditions continued on the first day of the week.

In the domestic Mumbai market, the price of gold, excluding GST at 9.50 per 10 grams, opened at 8 am and finally closed at 2008 compared to Friday's close. Prices were quoted three per cent higher with GST. Gold opened at Rs 2.50 and closed at Rs 5. Silver also opened at Rs 61 per kg, excluding GST, and closed at Rs 71. Prices were quoted three per cent higher with GST.

In the Ahmedabad market, gold was priced at Rs 21,600 per ten grams and Rs 2.50 per 21,500. Silver was quoted at Rs.500 per kg.

Gold was trading at ૮૯૩ 17.50 an ounce in late evening trade, while silver was trading at ૭૨ 4.5 an ounce. Palladium was trading at ૨૩૬ 71 an ounce, while platinum was trading at ૭૬ 105.

The dollar opened lower at ૫ 4.81 and touched a low of Rs 6.5, finally falling by 19 paise to close at 5.31 on Friday. The rupee appreciated for the fifth consecutive session. The initial high of the rupee washed out moderately as a result of stock market declines and forex outflows. Crude oil price Nymex was trading at ૯ 61.8 a barrel, while Brent crude was trading at ૯૪ 6.05 late in the evening. The price has also been supported by the Energy Information Administration's statement that the US will continue to be a net importer of crude oil in the current year.


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