Narrow fluctuations seen in the closed market in gold and silver and the dollar

-


Mumbai: The bullion market was officially closed in Mumbai jewelry market today due to Christmas. Prices were calm in the closed market. With global markets closed for Christmas and currency markets at home also closed, prices remained calm amid absence of fresh news in the jewelery market. In the world market, gold prices were last between 2053 to 2054 dollars per ounce and silver prices were 24.18 to 24.129 dollars per ounce.

Meanwhile, in the Mumbai bullion market today, gold prices were trading around Rs. 99.50 per 10 grams and Rs. 62850 per 10 grams without GST, while Mumbai silver prices were trading at Rs. 74500 per kg without GST. In the Mumbai market, GST-inclusive gold-silver prices were 3 percent higher than this price. In the Mumbai currency market today, the dollar price against the rupee was trading around Rs.83.22 to 83.23. Meanwhile, there was talk in the market of increased smuggling due to the high price of gold in the country. Recently, there was news that smuggled gold worth Rs.5 crore was caught at Bangalore airport.

Crude oil prices in the world market were last indicated to be between 73.55 to 73.60 dollars of US crude and 79.05 to 79.10 dollars of Brent crude. In the world market, lastly, the price of platinum was 976 to 977 dollars per ounce and the price of palladium was 1205 to 1206 dollars. The world market was discussing the possibility that more crude oil will be sent by Angola to the world market after Angola left OPEC, the organization of various crude oil producing countries. However, according to Iraq, Nigeria and Congo, there was news that they will continue to support the OPEC organization and join the OPEC organization. Meanwhile, the weekly increase in crude oil prices in the world market last week was the biggest weekly increase in the last two months.

Closed markets

BSE and NSE were officially closed today due to 'Natal' festival. Apart from this, Comexis and Hundiaman Bazar also remained closed. At home, the market yards of various district leaders were also officially closed.

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