In Ahmedabad, gold rose to a record high of Rs 53,000

Mumbai, Dt. 25 July 2020, Saturday

Gold and silver prices rose on Saturday as domestic metal prices closed higher over the weekend. In the Ahmedabad jewelery market, gold crossed Rs 2,000 and hit a new high. Silver also saw gains. The dollar weakened against the rupee in private on Saturday as the dollar index declined. Crude prices closed higher over the weekend.

At home, gold in the Ahmedabad market rose by Rs 200 to Rs 500 per ten grams and touched a new historic high of Rs 3,100. Silver.2 The price of one kg rose by Rs 500 to close at Rs 31,000.

In the Mumbai market, the gold-free price of 10.50 per ten grams, which was closed at Rs 30,415 yesterday, was set at Rs 31,600 in the private market and Rs 31,150 at Rs 2,115. Prices with GST were quoted three per cent higher. Silver. Rs. 540 per kg was quoted at Rs. Prices were set three per cent higher with GST.

Gold was trading at ૯ 1,305 an ounce and silver at ૭૬ 2.8 an ounce. Silver was seen at a high of ૨૨ 2.50 over the weekend. For the first time since 2011, gold prices have crossed ૯ 1,300 in world markets. The other precious metal, platinum, rose to 315 an ounce, while palladium closed at ૨૨૨૭ 6 an ounce over the weekend. Gold prices in the world market have been rising for seven consecutive weeks. For the first time since 2011, there has been a series of reforms. In terms of silver too, last week has been the best in the last 20 years.

In China, the price of an ounce of gold has risen to થી 20 to ૩૫ 5 an ounce, while domestic premiums for gold, which used to be થી 2 to હવે 3, are now called ૬ 3 discount. Gold is selling like hot cakes in China.

As the dollar index weakened, the local currency market saw a weakening of the dollar in closed markets. The dollar, which had closed at 4.5 on Friday, was trading at 4.5 in private on Saturday. Crude oil prices closed flat over the weekend. New York crude was trading at ૪ 71.8 a barrel, while Brent was trading at 4.5.