look news india
The stormy boom in the rupee in Ahmedabad gold-silver market came to an end on Wednesday. Gold fell by Rs 2,500. This led to gold directly at the price of Rs 99,000. This was a partial relief news for families wishing to buy gold for the wedding season. On the other hand, investors who were waiting to buy gold at low prices were also considering deciding to invest in gold at this level. On Wednesday, silver saw a jump of Rs 1,000. The price of one kilo of silver was Rs 97,500.
Gold prices also declined in the global market on Wednesday. Gold fell by $ 126 to $ 3,329 an ounce. While silver rose 31 cents to $ 32.98 an ounce. The gold futures contract for the month of June fell by Rs 1,714 to Rs 95,626 per 10 grams in the stock market. While the May futures of silver increased by Rs 281 to Rs 96,160 per kg. Comex gold fell by $ 75.40 to $ 3,344 an ounce. Comex silver fell 0.55 cents to $ 32,850 an ounce.
Traffic in Manek Chouk market has reduced by 60%!
According to the traders of the gold-silver market, there is a wholesale trade in Manek Chowk market and currently there has been a decrease of up to 60 per cent of the purchases of traders. The price of 10 grams of gold has reached one lakh rupees, which has directly affected the purchase of common people. Crowds of customers have decreased in gold-silver shops located in other areas including CG Road. Since weddings are coming closer, people are buying gold only according to their need after hearing the price of gold. They are buying new gold instead of old gold.
