Gold falls: Silver falls by Rs.1,000

-


Mumbai: The bullion market was officially closed on Saturday in Mumbai jewelery market today. However, in the closed market, the prices of gold and silver remained on the decline after rising. World market news was showing rising funds selling.

In the world market, there were indications that the funds were easing due to the rise in global gold, as the dollar index rose and the bond yield also increased and crude oil prices remained soft. The import cost of precious metals at home has come down due to fall in prices in the world market and due to this, the jewelery markets of the country witnessed a retreat today.

Gold prices in the world market fell from a low of 1763 to 1764 per ounce to 1747 at the end of the week at 1750 to 1751 dollars. Behind gold, the global silver prices were also lower from 21.17 to 21.18 to 20.84 per ounce and lastly 20.94 to 20.95 dollars.

As crude oil prices fell in the global market, the domestic currency market witnessed a slow decline in dollar prices against the rupee at the close today. The price of the dollar was Rs.81.66 today, which was Rs.81.69. The rupee appreciated slightly.

Meanwhile, silver prices fell by Rs.1,000 to Rs.60,500 per kg in the Ahmedabad jewelery market today. The price of Amdava gold fell by Rs. 200 per 10 grams to Rs. 99.50 to Rs. 54100 and Rs. 54300 to 99.90.

Meanwhile, platinum prices in the global market fell from a low of 991 to 992 to 976 to end at $981 to 982 an ounce. While the price of palladium was at a low of 1934 to 1939 to 1940 dollars from 1974 to 1975. Global copper prices were last down 1.04 to 1.45 percent.

A negative impact was seen on the world market due to the increase in cases of Corona in China. Crude oil prices New York crude prices were at $80.15 a barrel lower at $77.24 to $80.08 while Brent crude prices were last at $88.21 a barrel at $85.80 to $87.62.

In the Mumbai bullion market today, gold prices were Rs.52471 at Rs.52471 at 99.50 and Rs.52625 at Rs.52953 at 99.90, while Mumbai silver prices were at Rs.61000 at Rs.61320 at Rs.61000 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

Meanwhile, for domestic importers, the government has directed to reduce the dollar customs exchange rate from Rs.83.80 to Rs.82.60. Due to this, market sources said that the effective import duty of gold and silver imported into the country has decreased.

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