Global gold jumps to $ 1,500 a barrel in jewelery market

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(Gujarat News Office) Mumbai, Ta. 25 December 2019, Wednesday

Bullion market was officially closed due to Christmas in the Mumbai jewelery market today. However, closed-end markets saw gold and silver prices rise further behind the world market, market analysts said. There were gold funded actives in the world market. However, today there are trade-offs in the world market amid conditions like Christmas holidays and holiday moods. However, overnight news was showing a boom in global markets, and after that, home prices today saw a fluctuation in market share over Christmas.

There was news that gold prices in the world market had risen to $ 5 a ounce. Silver also traded higher in the world market with $ 1.8 to $ 1.8 to $ 1.8 per gold. Gold prices were up $ 5 to $ 8.5 with the dollar being 0.5.

Meanwhile, the world market has raised the import cost of domestic metals, and in the wake of the marriage season, jewelers are also fearing the impact of seasonal buying as prices rise. At the closed market today, the price of gold was trading at Rs 5 per 5 grams without GST while the price of 5 was speaking at Rs 5 per 5 grams.

However, with GST, prices were up 5%. Meanwhile, in the Mumbai market, silver prices today rose by Rs 5 to Rs 5,000 without a GST of 5 kg, while cash in cash stood at Rs 5 and with GST, prices were up 5 percent.

Meanwhile, platinum prices in the world market went up from $ 8 to $ 5 a ounce today. While palladium prices went up from $ 8 to $ 5. New York Copper futures were last at 5.5 to 5.5 percent plus. In the global market, the dollar index was soft, while in the domestic Mumbai currency market, today, the dollar was trading at around Rs.

Meanwhile, the impact of rising crude oil prices in the world market was also positive in gold prices. Brentcrude prices were up nearly a hundred percent higher, surpassing the $ 1 a barrel level and being $ 1.8. While New York prices were up about 5 percent to $ 5 a barrel, $ 1.8 to $ 1.8.

The debate about the decline of the stock of crude oil in the US was also heard in the world market. In the global market, prices of crude oil have risen in December, but on a monthly basis, there is a slight increase in prices after January.

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