Weakness in gold and silver: Decline in crude as the war draws to a close

-


MUMBAI: Gold and silver prices remained soft in the global market over the weekend, with prices falling privately in the domestic closed market on Saturday. World markets on Friday saw a sharp fall in the price of the precious metal, following reports that Russia and Ukraine will be on the negotiating table.

At home, the Mumbai gold and silver market was closed on Saturday, but behind the world market, private prices were quoted lower than on Friday.

Gold was quoted at Rs 30,800 per ten grams excluding GST and Rs 30,100 per 2.50. Prices were quoted three per cent higher with GST. Silver also traded at Rs 200 per kg in the closed market, market sources said.

In Ahmedabad, silver was priced at Rs 2,000 per kg. While gold was quoted at Rs 2.50 per ten grams, Rs 31,200 and Rs 2.50 per gram.

Gold for immediate delivery closed at ૮૮૯ 17.8 an ounce and silver at ૨૭ 4.5 an ounce on Friday. Palladium, another precious metal, was trading at ૭૨ 6.5 an ounce, while platinum was trading at ૫૯ 104.5 an ounce.

Brent crude was trading at ૯૩ 6.5 a barrel, while Nymex was trading at 61.8 a barrel on Friday. The money market was officially closed on Saturday but in private, the rupee strengthened. The dollar had lost Rs 6.15 to close at Rs.

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