Ahmedabad gold Rs. Top of 50,000: Improved retention in silver too

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(Gujarat News Office) MUMBAI: Gold and silver rallied in the Mumbai jewelery market today. World market news was encouraging. In the domestic currency market, the dollar's fall against the rupee today has had a positive effect on the jewelery market. Today, gold in the Ahmedabad gold and silver market once again touched Rs. 30,000 was reached. While the advance in silver was maintained.

Rising bond prices in the global market and declining bond-treasury yields as well as declining stock markets in the US have led to speculation that the buying of funds in gold will continue in the global market.

World gold prices rose by ૮૨૮ 15 to ૮૨૯ 16 an ounce from ૮૨૬ 16 to ૮૨૭ 16 an ounce. Global silver prices rose to 6.5 an ounce from ૫૬ 4.5 an ounce and લર 4.5 an ounce. As the domestic import cost went up, there were fewer sellers and more buyers due to rising prices in the jewelery market.

However, new demand slowed due to increased headwinds. In the Ahmedabad jewelery market, gold prices rose by Rs 100 per 10 grams to Rs 300 from Rs 2.50 and Rs 20,000 from Rs 3.50, while Ahmedabad silver rose by Rs 200 to Rs 200 per kg.

Meanwhile, platinum prices in the world market ranged from ૭૭ 105 to ૭૮ 105, although Gabdi traded at ૪૨ 105 to ૪૩ 105 today. New industrial demand slowed. Palladium prices also fell by ૨૬૬૬ 5 to આજે 6 to ૨૬૫૭ 7 to આજે 8 today.

There was talk of slowing industrial activity in China. Analysts said higher global gold prices were supported by higher crude oil prices above ૭૬ 6 a barrel today. Brent crude traded higher at ૫ 6.05 a barrel today. New York crude was trading at ૫ 4.50 to ૫૫ 7.5.

Global copper prices were quoted at 0.15 to 0.50 per cent higher today, which was supported by strong silver in the global market, the sources added. Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 3.30, excluding GST, at Rs 915 and Rs 9.50, excluding GST, while prices with GST were three per cent higher.

Mumbai silver prices today closed at Rs 5,113, excluding GST, at Rs 5,115, while prices with GST were three per cent higher. The rise in gold prices in the world market this week was the biggest weekly growth in the last two months.


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