Gold Silver Reports (GSR) – Gold prices rose by Rs 110 to Rs 31,510 per 10 gram on Thursday, mainly due to sustained local demand from jewellers and global trend, PTI reported. A depreciating rupee, which today fell to a fresh record low of 72.11 against the dollar, also helped lift gold prices.
₹100 Note More Likely To Be a Fake Than any Other, Says RBI Report
The ₹100 note is the most counterfeited Indian currency, with its popularity among forgers having surged since the government invalidated high-value banknotes about two years ago to curb the menace of fake notes and unaccounted wealth.
A Bearish September For Crude Oil – Gold Silver Reports
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory report, with the EIA announcing that inventories at Cushing, Oklahoma, had declined by 5.8 million barrels.
Saudi Arabia Aims to Keep Crude in $70 to $80 Band – Gold Silver Reports
OPEC and Saudi Arabia do not have an official price target and are unlikely to adopt one formally.”The Saudis need oil at about $80 and they don’t want prices to go below $70.
Gold Prices Slip Today, Silver Bucks Trend – Gold Silver Reports
Gold Silver Reports (GSR ) – Gold prices slipped today on sluggish demand from local jewellers and weak overseas trend. In Delhi, gold of 99.9 per cent and 99.5 per cent purity shed ₹ 50 each to ₹ 31,200 and ₹ 31,050 per 10 gram, respectively, according to PTI.