Bullish flash in gold, silver: Dollar falls against rupee in closed market

-


Mumbai: The bullion market was officially closed today due to Saturday at the Mumbai jewelery market. Although gold prices continued to rise in the closed market, silver prices also recovered and rose again. World market news was showing bullishness in gold and silver. However, platinum and palladium prices remained under pressure in the global market.

Behind the world market, the prices of gold and silver in the Mumbai market were higher today. The price of gold in the world market increased from 1783 to 1784 to 1794 to 1795 per ounce, and at the end of the week there was news that it was 1793 to 1795 dollars. Behind gold, global silver prices also increased from 22.84 to 22.85 per ounce to 23.25 to 23.26 and lastly 23.22 to 23.23 dollars.

There was a discussion about the buying of funds in gold in the world market again amid the retreat in the global dollar due to weaker than expected retail sales figures and industrial production figures in America. Meanwhile, as the dollar fell in the world market, the market sources said that the price of the dollar fell from Rs.82.86 to Rs.82.77 in the closed market today in the Mumbai currency market.

Meanwhile, in the Mumbai bullion market today, gold prices were trading at Rs.53,950 at Rs.53,782 at 99.50 per 10 grams and Rs.53,950 at Rs.53,998 at 99.90 per kg while Mumbai silver prices were at Rs.66,065 per kg without GST. Today it increased to Rs.66450.

In the Mumbai bullion market, gold-silver prices with GST were 3 percent higher than this price. The price of platinum in the world market was 992 to 993 in the low range of 998 to 999 per ounce and finally 994 to 995 dollars.

The price of palladium in the world market was 1713 from 1780 to 1781 low and finally 1720 to 1721 dollars per ounce. Global copper prices were last seen showing a slow decline. There were indications of a resurgence of Covid cases in China and the impact was seen on platinum and palladium and copper prices.

Meanwhile, there were indications that the central banks of various countries of the world bought a total of around 400 tonnes of gold in the third quarter of this year. In the Ahmedabad jewelery market today, gold prices increased by Rs.200 to Rs.53,500 from 99.50 and Rs.53,700 from 99.90.

Ahmedabad silver was being quoted at Rs.65500. Crude oil prices continued to slow down in the global market. New York crude prices fell from 74.32 a barrel to 73.33 last at 74.29 dollars while Brent crude prices fell from 79.50 to last at 78.29 dollars at 79.04 dollars.

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