Gold price updates: Gold has increased due to the fall in the dollar, gold is going to be 50 thousand soon, right time to buy

Gold price updates: Gold has increased due to the fall in the dollar, gold is going to be 50 thousand soon, right time to buy

Today, due to the fall in the dollar against the rupee, the price of gold is seen increasing. Despite the RBI announcements, there is sluggishness in the stock market today. The rupee was trading at a level of 73.84 with a gain of 7 paise. At 11 am on MCX, June delivery rose by Rs 176 to Rs 47176 per ten grams and August delivery was trading up by Rs 170 to Rs 47500. Commodity market experts say that the rate of gold on MCX will cross the level of 50 thousand by this Diwali.

Silver delivery is also seen increasing on MCX. Silver for July delivery was trading up by Rs 335 to Rs 69954 per kg and silver for September delivery was up by Rs 429 to trade at Rs 71027 per kg. On Wednesday, gold fell by Rs 317 to close at Rs 46,382 per ten gram level in Delhi Bullion Market. At the same time, silver rose by Rs 2328 to reach the level of Rs 70270 per kg.

Gold and silver rate in the international market

According to the data available on the IBJA website, on May 5, the price of 24 carat gold is Rs 46753 per ten grams and silver is Rs 68835 per kg. The price of gold is also increasing in the international market. According to data available on Investing.com at 11.20 am, gold for June delivery was trading up by $ 7 to $ 1791 per ounce and silver by $ 0.26 to trade at $ 26.78 per ounce.

Weakness in Dollar and Bond Yield

At this time, the dollar index was down by -0.023 to 91.270. This index shows the strength and weakness of the dollar against the world's six major currencies. For 10 years, the US bond yield is currently declining at 1.577 per cent. When the pressure on the yield increases, the brightness of gold increases.


CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

The demand for rooms in private hospitals has been very high amid the increase in cases of covid-19 infection. Rating agency Crisil said on Tuesday that due to the increase in infection cases, the income of private hospitals will increase by 15 to 17 percent in the current financial year, which is slightly higher than 2020-21.

Crisil said in the statement that due to increase in income, the operating margin of such hospitals is also expected to increase by 1-2 percent to 13-14 percent. Despite this, the margin will remain below 2020-21. The reason for this is that the proportion of treatment for Kovid-19 in hospitals was high during this period, while the profit in it is relatively low.

Rooms filled up to 75 percent

Manish Gupta, Senior Director, Crisil Ratings said, "The first quarter of the current financial year will be better on a year-on-year basis due to the second wave of the pandemic in April. During this, 75 percent of the rooms in the hospitals were filled with patients. This is almost double on an annual basis. The main reason for this is the increase in the number of patients admitted to the hospital for the treatment of Kovid-19.

Rooms will remain full even after Corona

Gupta said that suppressed demand for non-Covid treatment will emerge after the second wave weakens in the second quarter. He said that in the current financial year, 65 to 70 percent of the rooms in the hospitals will be filled. This will increase the income of private hospitals. Last year, an average of 58 per cent rooms were full. In fact, in the second web of Corona, there was a sudden increase in the hospitals. There was panic in many hospitals due to many problems including oxygen and non-availability of beds. However, the matter was gradually brought under control. But it is believed that due to the symptoms of post covid and other diseases, the condition of the hospitals is going to be more or less the same. In fact, there has been a sharp increase in the number of private hospitals in the country in the last few years, but even after this, due to the sudden increase in the demand of hospitals due to Corona, such an environment has been created. Experts believe that still a large section of the country turns to private hospitals for treatment.


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