Silver touched a high of Rs 70,000

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(Gujarat News Office) MUMBAI: Silver prices rose sharply in the Mumbai gold and silver market today as gold prices fell amid two-way volatility. Silver prices in the world market were reported to have crossed the level of 4 an ounce. In Ahmedabad jewelery market, silver prices rose by Rs 200 per kg to Rs 30,000 today. Silver rose by લર 4.5 to ૮૯ 7.5 an ounce and traded at ૬ 2.05 to ૭ 2.08 an ounce today.

Meanwhile, gold prices in the world market rose by ૭૮ 151 to ૭૮૨ 16 an ounce from ૭૮ 16 to ૭૮૭ 16 an ounce today, but gold prices remained sluggish in the jewelery market as the dollar weakened against the rupee in the domestic currency market today, market analysts said.

Meanwhile, gold prices in the Ahmedabad market today fell by Rs 100 per 10 grams to Rs 200 from Rs 8.50 and Rs 900 from Rs 7.50. Platinum was trading at ૯૫ 105 to ૯૬ 105 an ounce, up from ૯૨ 105 to ૯૩ 105 an ounce, while palladium was quoted at ૨૬૩૬ 5 to ૨૬૩૭ 8 an ounce, hitting ૨૫૯૪ 6 to ૨૫૯૪ 8 an ounce.

There was news of rising industrial demand amid short supply of palladium in the world market. Meanwhile, global silver prices remained limited as copper prices fell by 0.50 per cent to 0.5 per cent this evening, according to world market analysts.

Crude oil prices in the global market also fell sharply today, leading to limited growth in global gold prices, market sources said. New York's main contract, light sweet crude for delivery in New York, fell by half a per cent to ૭૨ 2.50 a barrel from ર્ક 2.50 a barrel in the previous session, while Brent crude traded lower by લર 2.50 to ૮ 6.50 a barrel.

Meanwhile, in the Mumbai jewelery market, silver prices rose by Rs 41 to Rs 315 excluding GST today, while prices with GST were three per cent higher. Meanwhile, Mumbai gold prices today closed at Rs 305, excluding GST, at Rs 305, up from Rs 890, while the price of 7.50 closed at Rs 4,050, up from Rs 219, at Rs 815, while the price with GST is at Rs. Three percent remained high.

The dollar opened at Rs 4.51 this morning with a high of Rs 4.5, then touched a high of Rs 4.5 and then fell to a low of Rs 3.15. At the end of the day, the closing price was Rs 4.15.


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