Gold, silver rise again amid rising crude prices

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Mumbai, Ta. September 16, 2019, Monday

Gold prices rose sharply today in the Mumbai jewelery market. Saudi Arabia's oil field raids on Yemen The attacks on Yemen from Saudi Arabia have seen a surge in crude oil prices in the world market. And behind it were indications of a sharp rise in gold and silver prices in the world market. Amid rising crude oil prices in the world market, rising domestic petrol diesel prices and the collapse of the economy, domestic prices today surpassed the rupee and dollar prices in the currency markets.

As the global market grows and domestic dollars are raised, imports of domestic metals have risen. Gold and silver prices were raised in the jewelery market on the back of rising import costs. However, due to fanaticism, there was new demand in the jewelery market. Meanwhile, crude oil prices in the world market were trading 5-7 per cent higher this evening and in the currency market today, the dollar against the rupee increased by 5 paise to Rs. In the global market, gold prices jumped from $ 5 to $ 5 a barrel to $ 5 in the evening.

Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, down from Rs 5 per 5 grams without GST. While the price of 8.6 was closed at Rs 5, it was closed at Rs 5, while with GST, prices were up 5%. In the Mumbai market today, silver prices closed at Rs 5 per kg without the GST of kilos, and in the evening the prices were Rs 1 to 3 and in cash the prices remained high from Rs. And with GST, prices were up 5%.

In the global market, silver prices traded as high as $ 5 to $ 5 an ounce, up from $ 8.2 to $ 5 in the evening. Platinum prices were up from $ 2.5 to $ 8 in the evening and palladium at $ 8 to $ 8 in the evening.

In the global market, the data show that the price of petrol diesel will rise as crude oil rises and home prices rise. In the currency of Mumbai, the rupee depreciated by 5 paise to Rs. 8 to Rs. 8, while the value of the British pound went up by 8 paise to Rs. While the euro prices were up by 8 paise, it was Rs. New York copper futures remained at minus 7 percent this evening while copper remained soft.

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