Advances in gold: Crossed Rs 51,000 in Ahmedabad

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(Gujarat News Office), Mumbai, Ta. 20 January 2021, Wednesday

In the Mumbai jewelery market, gold prices rebounded today. Gold prices in the world market rose above ડો 150 an ounce. At home, however, the rupee appreciated by 12 paise to Rs 5.05 against the dollar in early trade as the stock market rebounded.

Also in the global market, there was talk of a rise in fund holders in global gold as the dollar index depreciated against a basket of various currencies. Gold prices in the world market rose by more than Rs 150 to Rs 14 to Rs 15 in the late evening trade. On the back of gold, silver also rose from ૨ 6.30 to ૩ 6.31 to ૩ 7.31 in the evening trade. Behind the world market, precious metals were also rising due to rising import cost. The global dollar index, which recently rose to a four-week high. It has now come down.

The possibility of a new government providing more stimuli in the US was being discussed in the world market. However, there were indications that the tax deductions given to large corporates in 2012 may now be abolished. The UBS group signaled that the global dollar would fall further. In Germany, there were indications that the lockdown rules would be tightened again by February 15.

According to the International Energy Agency, global total daily demand for crude oil is expected to decline by about 560,000 barrels in the first three months of the new year. However, there was news in the world market today that crude oil prices had risen in anticipation of US stimulus.

Meanwhile, gold in the Mumbai market today traded at Rs 305 per 10 grams, excluding GST, at Rs 305, Rs 8.50 per 10 grams and closed at Rs 5, while the price with GST was three per cent higher.

In the Mumbai market, silver was trading at Rs 515 per kg, excluding GST, from Rs 415 to Rs 5. While prices with GST were three per cent higher than this. Meanwhile, in the Ahmedabad market, gold rose by Rs 100 to Rs 30,700 per ounce and Rs 21,100 per ounce while Ahmedabad silver was up by Rs 200.

The price of platinum in the world market today fell by ૦૧ 1,101 to ૮૮ 104 while the price of palladium fell by ૨૩૮૯ 6 to ૨૩૭૪ 6 this evening. There was news of the stay.

World market players were watching the fluctuations in crude oil stocks in the US.

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