Performance of Precious metals

Imports of precious stones (Ruby, Sapphire & Emeralds) and pearls have grown 80% during the year.
Imports of pearls and stones are rising like ever before while exports are declining.
In India, the domestic consumption of gems and jewellery are gradually increased. Imports of pearls and diamonds have rise around $2 billion in this year. It shows a sharp gain for commodity shares in coming days.
Gold and silver prices are settled lower in yesterday’s session due to dollar strength and the prospect of global trade war.
Apart from the weak trend in overseas, decline in demand from local players at existing level in domestic market mainly lower the gold and silver prices on Thursday and it is continued to be traded in bearish momentum on Friday session.
Crude oil shares will rise on Friday due to the meeting of North Korean leader Kim Jong Un with US President Donald Trump.

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