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 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.

Union Minister Nirmala Sitharaman spoke to Infosys, 'Remove the flaws of the new income tax portal on priority'       Can India-China relationship be based on sensitivity and respect? Jaishankar said – this question is the biggest issue       Kerala: Two dowry-related deaths in two days provoked anger, people demanded change in law       Jammu Kashmir: Public prosecutors appointed for speedy trial of rape and POCSO cases       54 lakh people were vaccinated in the last 24 hours, know which state has given how many vaccines - a huge drop in MP compared to the first day       Digital Top-5: Pakistan is disturbing peace by supplying weapons, country's hopes on Kohli-Pujara in WTC Final, big news of the morning       Corona Update: Not a single new case of corona was registered in Mizoram in the last 24 hours, 103 patients recovered       Children above 2 years of age can get Covaxin till September, says AIIMS chief Dr. Guleria       Delta Plus Variant: Tension due to 22 cases in 3 states, Ministry of Health issued advisory, read- how the government came into active mode       'There has been no reduction in violence in Afghanistan', says External Affairs Minister Jaishankar after India's claim of meeting Taliban       Kerala: CM Pinarayi Vijayan's big announcement, there will be relaxation in corona lockdown - instructions to all to strictly follow the protocol       Jana Sangh founder Dr. Shyama Prasad Mookerjee's death anniversary today, PM Modi and Amit Shah paid tribute       'Map of the universe' found in Turkey, this 3200-year-old document revealed the 'underworld' present under the earth       After Ayodhya and Lord Ram, Oli's new claim - Yoga was born in Nepal, then India did not even exist       North Korea told WHO - 'Not a single case of corona in the country', but this step raises questions on the claim       'Get the vaccine or go to jail', the President of Philippines is threatening people for vaccination, said - I will get pig vaccine       Sri Lankan ship mixed 'poison' in the sea, so far 100 turtles, a dozen dolphins and blue whales have died       Political crisis in Nepal: Supreme Court canceled the appointment of 20 cabinet ministers, only five ministers including PM left in the government       For the first time in history, the Swedish Prime Minister lost the vote of confidence, Stefan Lofven will take a 'big decision' in a week amid political turmoil       Italy became 'mask free'! People no longer need to apply mask, decision taken after the success of vaccination