Gold-silver prices rise again

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(Gujarat News Office), Mumbai, Ta. Saturday, January 23, 2021

The bullion market was officially closed in Mumbai jewelery market on Saturday. However, in the closed market, gold and silver prices rebounded today, market sources said. There were indications that gold prices rose again over the weekend after falling on Friday.

World gold prices fell from ૮૫ 150 an ounce to ૮૪ 150 at one point, then jumped to ૮૫૬ 16 over the weekend, while global silver prices rose to ૧ 8.11 an ounce from ૩૩ 4.5 an ounce. . The new Corona virus is more deadly in Britain, the prime minister has said. As a result, gold rebounded in the world market over the weekend.

Meanwhile, the gap between gold and platinum prices in the world market has narrowed to an 11-month low. Unemployment claims in the United States have dropped to 3 lakh from 5 lakh 8 thousand earlier and this time the expectation was kept at 3 lakh 5 thousand.

Meanwhile, in the Ahmedabad jewelery market, gold rose by Rs 200 to Rs 31,000 per 10 grams and Rs 31,200 from Rs 4.50 per 10 grams, while Ahmedabad silver rose by Rs 200 to Rs 2,000 per kg. In the Mumbai market, gold was quoted at Rs 900 with a price of Rs 3.50 without GST and Rs 800 with a price of Rs 3,150. While prices with GST were three per cent higher than this.

Meanwhile, silver prices in the Mumbai market today stood at Rs 600, excluding GST, while prices with GST were three per cent higher. In the world market, the price of platinum fell from 105 to 1030 and was last at ૩ 1,105, while the price of palladium fell from 9 to 9 and finally rose again to ૨૩૬૨ 5. Global copper prices, however, were last in the minus 0.2 to 0.50 per cent.

The global dollar index fell over the weekend against a basket of various currencies and there was talk of a resurgence of gold prices in world markets. In the world market, the low level of ૮૨૬ 15 in gold is declining. Until this level is broken, gold prices could reach a high of ૮૯૮ 15 and if the સપાટી 15 level breaks, prices are likely to fall to a low of ઉ 15.

World crude oil prices were quoted at ૫૨ 2.7 a barrel in New York and ૪ 2.71 a barrel in the last session amid a slow recovery over the weekend.

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