Gold and silver soften domestically behind world markets amid cautious tone

-


MUMBAI: Global precious metals fell sharply amid a cautious tone from funds ahead of US Federal Reserve Chairman Jerome Powell's speech to a policy panel in Europe. Palladium was hit above 67 dollars. Behind the world market, domestic gold and silver also softened again. Crude oil was in favor of a correction as inventories in the US fell. Domestic forex market is witnessing steady stability of rupee against dollar.

In the local Mumbai market, gold at 99.90 per ten grams was Rs 58,151 without GST, while the price of 99.50 per ten grams was Rs 57,918. With GST, the prices were raised by three percent. The non-GST price of silver .999 per kg fell within Rs 69,000 to Rs 68,972. With GST, the prices were raised by three percent.

Ahmedabad gold of 99.90 grams was priced at Rs 60,300 while that of 99.50 was priced at Rs 60,100. Silver .999 per kg was Rs 70500.

The global precious metal edged lower amid a cautious tone from fund houses ahead of US Federal Reserve Chairman Jerome Powell's speech at the European Central Bank's annual meeting in Portugal. Gold was priced at $1906 per ounce while silver was priced at $22.60 per ounce. Another precious metal was platinum at $920 while palladium fell by over $67 an ounce to trade at $1,231 late in the evening.

Crude oil inventory in the US saw a decrease of 24 lakh barrels, indicating that the demand for crude oil was increasing, and the price was moving in favor of improvement. Crude oil stocks were said to have fallen more than expected. Nymax WTI crude oil was at $67.78 per barrel while ICE Brent was at $72.28 per barrel.

The Indian rupee remained almost flat against the dollar amid strength in the dollar index. Due to FII inflows, the stock market of the country has seen a new high. Indian rupee is seen stable due to dollar inflow.

Against the rupee, the dollar was 82.05, while the euro increased by 11 paise to 89.85 rupees, while the pound decreased by 15 paise to 104.18 rupees. The dollar index was seen at 102.76.

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