Gold and silver rise as dollar rises; platinum and palladium retreat

-


Mumbai: Silver rose today in the Mumbai jewelery market while gold prices were soft. However, as the dollar rose against the rupee, precious metals rose sharply in the Ahmedabad market. Ahmedabad gold prices increased by Rs.400 per 10 grams to Rs.61300 per 99.50 and Rs.61500 per kg at 99.90 while Ahmedabad silver prices increased by Rs.500 to Rs.74000 per kg.

After the dollar edged higher against the rupee in official deals today, private prices were seen higher in the late evening. Experts were showing the possibility that the rupee will see a new low in the Mumbai currency market on Tuesday (today). After the market closed late on Monday evening, the price of the dollar in offshore deals increased further to around Rs.83.50 to Rs.83.55. Meanwhile, global gold prices remained soft today as the dollar index and bond yields rose in global markets.

The gold prices in the world market today were at the low of 1925 to 1926 from 1920 to 1921 to 1924 to 1925 dollars per ounce. Global silver prices, however, increased from 24.56 to 24.57 to 24.64 to 24.58 to 24.59 dollars an ounce. Global platinum prices were at 925 to 928 to 929 dollars per ounce today from 930 to 931 dollars per ounce. While palladium prices were at a low of 1254 to 1255 per ounce from 1244 to 1251 to 1252 dollars.

Global copper prices fell by 0.22 percent today. Meanwhile, crude oil prices rose again in the global market. A short supply situation was observed. The price of US crude was 90.03 to 90.65 to 90.35 dollars per barrel. While the price of Brent crude was 93.27 from 94.03 to 93.74 dollars. There was news that the number of oil rigs producing crude oil in America has decreased to the lowest level in a year and a half.

Meanwhile, in the Mumbai bullion market today, gold prices were Rs.58,892 at 99.50 and Rs.59,129 at 99.90 without GST, while Mumbai silver prices were at Rs.73,015 without GST. Mumbai silver saw a slow recovery while Mumbai gold saw a slow decline. In Mumbai gold-silver prices including GST were three percent higher than this price.

Meanwhile, there was news that the government has increased the dollar customs exchange rate for importers from Rs.83.95 to Rs.84.05. As a result of this, there has been an increase in the effective import duty of the precious metals imported into the country, market insiders said.

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