Gold rebound: Crude crosses 62 62

(Gujarat News Office) Mumbai, Ta. 13 February 2021, Saturday

The bullion market in Mumbai gold-silver market was officially closed today due to Saturday. In the closed market, however, the shock was absorbed by the world market and prices were quoted higher again. Gold prices in the world market fell from ૮ 1,215 to ૮ 1,215 an ounce to ૮ 1,215 to ૮ 1,215 an ounce and then rose again to ૮૨૪ 15 to અંતે 12 over the weekend.

Silver also traded lower at ૬ 4.05 to ૭ 2.05 an ounce, down from ૦૧ 2.01 to ૨ 2.08 an ounce in the previous session. As the world market soared, the domestic market was reduced to precious metals.

World market analysts said that the rise in crude oil prices over the weekend by 2.5 per cent to above 8 a barrel has also had an impact on gold prices in the global market.

Meanwhile, in the Ahmedabad market, gold prices rose by Rs 200 to Rs 2,100 per ounce and Rs 800 per ounce. While Ahmedabad silver was being traded at Rs. In the Mumbai market today, gold without GST was trading at Rs 70 per ounce, up from Rs 8.15 per ounce.

While the price of 2.50 was quoted at Rs. 20 to 200 with Rs. Mumbai silver prices were quoted at Rs 700 to Rs 800 in today's closed market without GST. The prices of these two precious metals were 5 per cent higher with GST.

In the world market, the price of platinum rose from ૨૨૪ 15 to ઔ 17 an ounce to છે 15 to ૨૫૭ 16, while the price of palladium rose from ૨૩૫ 20 to ૨૩૫ 21 to ૨૩૮૬ 5 to ૨૩૮૭ 7. Crude oil prices rebounded after a shock in the world market. New York's crude oil price jumped from ૮ 4.50 a barrel to ૫૩ 6.5 a barrel, while Brent crude rose from ૭૭ 90.5 to ૫૨ 7.5 a barrel.

World crude oil prices rose again over the weekend amid indications that the new president is setting the stage for a ૯ 1.50 trillion stimulus package to boost the commodity-hit economy and boost employment, analysts said. There was news that the new US president had started a series of meetings with mayors and governors for such a stimulus package. The fall in the dollar index in world markets has also led to a re-entry of declining funds in gold. In the Mumbai currency market, the dollar was trading at Rs 4.50 to Rs 7.5, up from Rs 7.5 to Rs 7.5.

Meanwhile, there were indications that the price of bitcoin in the world market would remain at થી 60 to પછી 70 after rising to ૪૮ 2150 to 500. Meanwhile, with many corporates entering Bitcoin globally, the price of Bitcoin is likely to rise to કોર્ 1 million by the end of this year.