Ahmedabad silver jumps to Rs 67,000

(Gujarat News Office), Mumbai, Ta. 19 December 2020, Saturday

In the Mumbai gold-silver market, the bullion market remained closed on Saturday due to Saturday, but in the closed market, prices in the private sector were heading higher. World market news was also showing a slow decline from the rising headlines. However, in the Ahmedabad jewelery market, silver rose further by Rs 200 per kg to Rs 2,000 today, while Ahmedabad gold prices remained calm.

Meanwhile, there were indications that global crude oil prices had jumped to, 6 a barrel, while the dollar index against a basket of various currencies fell to a two-and-a-half-year low.

Meanwhile, world gold prices fell from ૮૮૮ 15 an ounce to ૮૮૮ 161 an ounce over the weekend, while silver finally fell from ૨૫ 2.7 an ounce to ૨૫ 4.31 an ounce. Platinum was trading at ૪૨ 105, down from ૫ 1,050. However, the price of palladium rose from ૨૩૪૨ 6 an ounce to ૨૩૭ 60 and was last reported at ૨૩૬૩ 8. The rally was driven by short supply in palladium.

Meanwhile, at the Mumbai Bullion Market today, gold prices were quoted at Rs 2,500 per 10 grams, excluding GST, from Rs 2,505 per 10 grams, down from Rs 30,105 to Rs 3,500 per gram, while GST was quoted at Rs 2,500 per 10 grams. The accompanying prices were three per cent higher than this.

Mumbai silver prices today fell to Rs 2,500 per kg from GST, excluding GST, from Rs 4,615 per kg, while prices with GST were three per cent higher.

In the Ahmedabad market, gold was quoted at Rs 31,700 at Rs 2.50 and Rs 41,700 at Rs 4.50. Meanwhile, in the Mumbai currency market today, the dollar was trading at Rs 4.50 against the global market on the back of a close. Meanwhile, global crude oil prices rose further to a three-month high.

Amid advances in anti-corona vaccines, demand for crude oil was expected to pick up. New York's main contract, light sweet crude for delivery in New York, rose from ૨૭ 4.5 a barrel to ડો 6.10 a barrel, while Brent crude rose from ૫ 21.5 to ૫૨ 2.8.