Gold, silver advance: Global copper jumps as China cuts reserve ratio

-


Mumbai: The prices of gold and silver rose in the Mumbai jewelery market today. As the world market increased, import costs at home increased. There were indications of increased buying of funds in global gold as the global dollar index against various major currencies in the world market declined again from the peak of one and a half months and the bond yield also retreated.

Gold prices in the world market increased from 2024 to 2025 to 2033 to 2034 dollars per ounce. Behind Vishwa Bazar, the price of gold rose by Rs 100 to Rs 99.50 to Rs 64,400 and Rs 99.90 to Rs 64,600 per 10 grams in Ahmedabad jewelery market. Ahmedabad silver price increased by Rs.1000 to Rs.72500 per kg.

In the world market today, behind gold, the price of silver increased from 22.28 to 22.9 per ounce, from 22.79 to 22.80 to 22.77 dollars. Meanwhile, there was news that the government in China has decided to reduce the reserve requirement for banks by 0.50 percent from February 5. As a result of this, the price of copper in the world market increased by 2.10 to 2.15 percent, and its positive effect was seen on global silver.

The price of platinum in the world market was 914 dollars while the price of palladium was 968 dollars. The price of Brent crude was 79.20 dollars per barrel and the price of US crude was 74.18 dollars.

In the Mumbai bullion market today, gold prices without GST were Rs.62,340 at Rs.62,105 at 99.50 while at Rs.62,591 at Rs.62,355 at 99.90. Mumbai silver prices rose by Rs.70311 to Rs.71072 without GST.

In the currency market today, the dollar price against the rupee fell by 3 paise to Rs.83.13. The global index of the dollar had reached a high of 103.82, indicating a speed of 103.05. Forward premiums of the rupee rose in the Mumbai market today. The British pound rose by 27 paise to cross Rs 106 to Rs 106.12 against the rupee in the Mumbai market. The price of Euro increased by 10 paise to Rs.90.65. The currencies of Japan and China also rose against the rupee.

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