Gold - Silver bounced: Crude under 1 dollar: Rupee weak

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(Gujarat News Office) Mumbai, Ta. 27 January 2020, Monday

Gold prices rose sharply in Mumbai jewelery market today. World market news was booming. Amid reports of rising Chinese virus infestation in the world market, there were indications that the rise in safe haven form funds in gold globally and the sharp rise in gold prices in the aftermath of the global market.

Gold and silver import costs have gone up due to the rise in the global market and the dollar against the rupee in the domestic currency market, and prices in the jewelery market are rising, according to informants. The rupee had weakened in the currency market today, with the stock market falling in Mumbai.

Meanwhile, gold prices were trading higher at $ 5 an ounce in the global market, while the price was $ 5 in the evening. In the global market, gold prices also rose by $ 1.3 a ounce to USD 5.7 today. In the Mumbai currency market, the dollar was up by 5 paise to Rs 5 today, while the British pound was up 4 paise to Rs. Thus, the rupee had weakened against various currencies today.

Meanwhile, the news of the rocket attacks on the US embassy in Baghdad also affected the gold prices in the world market. In the Mumbai jewelery market, gold prices today closed at Rs 5 without a GST of 5 grams and closed at Rs 5 with a rise of Rs 5 while the price with GST was three per cent higher. General Chat Chat Lounge

In the Mumbai market today, silver prices closed at Rs 5 per kg without a GST of 5 kg and in the evening, prices were Rs 5 to Rs 5 and cash was higher by Rs 5 while cash with GST remained three per cent higher. Meanwhile, crude oil prices had worsened as the tax market virus infiltrated the world market.

Brent crude prices were up eight percent at $ 5 to $ 5 a barrel this evening, while New York prices fell three percent to $ 5.7 in the evening. The prices went down for five months.

New York's copper futures were down 7 to 8.5 percent today on the back of China's weakness, while copper prices on the London Exchange lost $ 3 to $ 3 a tonne of three-month delivery. Platinum prices went down $ 5 to $ 8 per ounce in the world market today. Palladium prices were down from $ 5 to $ 8 a barrel today.

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