Crude hits bullish 13-month high

(Gujarat News Office) Mumbai, Ta. 16 February 2021, Tuesday

In the Mumbai gold-silver market, silver gained today. Against the gold prices were falling and rising again. In the currency market, the dollar was trading at Rs 4.5 against the rupee today. In the global market, however, gold prices fell from ૮૨૨ 15 to ૮૨૩ 15 an ounce to ૮ 1,215 to ૮ 1,215 this evening, while global silver prices fell from ૬૬ 4.5 to ૬૭ 7.5 to ૬ 2.50 to ૬ 2.31 this evening.

Prices rebounded on lower domestic demand, despite global markets falling sharply. The rise in the dollar index in world markets led to a sell-off in gold. Platinum prices fell sharply to below ૩ 1,300 this evening from ૨૯૭ 15 to ૨૯૮ 15 and palladium prices from ૨૪ 215 to ૬ 215 this evening were થી 60 to 71.

In the Mumbai market, gold excluding GST today closed at Rs 815 per 10 grams at Rs 305 and Rs 305 at Rs 8.50 per 10 grams. Silver, on the other hand, closed at Rs 305 per kg, excluding GST.

The prices of these two precious metals, including GST, were 3 per cent higher than this. Meanwhile, in the Ahmedabad jewelery market, silver rose by Rs 1,000 per kg to Rs 30,000 and Rs 30,200 today. Ahmedabad silver price has risen by Rs 2,000 in two days. Ahmedabad: Gold prices rose by Rs 100 to Rs 200 from Rs 4.50 and Rs 3,100 from Rs 7.50 today.

Meanwhile, world crude oil prices hit a 16-month high this evening, however, showing a slow decline. New York's main contract, light sweet crude for delivery in January, fell below ડો 50 a barrel to 4.5 a barrel and ન્ટ 6.10 a barrel.

As the cold snap intensifies in the United States, there has been an increase in demand for crude oil as a heating oil, while there have been indications that crude production has also been affected. Copper prices were quoted as high as 1.50 to 1.8 per cent in world markets this evening.